Sep
20
Wall Street Tosses Out Bond-Trading Script After Fed Meeting
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Bond-market strategists revisit Fed models after decision
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Treasuries “a buy either way,” says Scotia’s Haselmann
Neil Bouhan at BMO Capital Markets expected the Federal Reserve to raise interest rates this week. Now he’s questioning all his views on the central bank.
He’s not the only one. Strategists and traders across Wall Street are re-examining their approach to predicting the Fed’s moves after officials kept their target near zero Thursday and released an unexpectedly dovish policy statement. Fed Chair Janet Yellen cited a range of concerns — from slowing growth in China to global market volatility — to explain the decision to hold the benchmark overnight rate at historic lows…
Wall Street Tosses Out Bond-Trading Script After Fed Meeting
