Bond yields fell on Tuesday as traders increased fixed income exposure ahead of Wednesday’s Federal Reserve policy announcement.
What’s happening What’s driving markets Investors increased Treasury holdings ahead of the Federal Reserve’s monetary policy decision on Wednesday. Indeed, it is a busy few days for jobs reports, noted Steven Ricchiuto, U.S. chief economist at Mizuho Securities, with the October ADP figures on Wednesday, the weekly initial unemployment claims on Thursday, and the nonfarm payrolls numbers on Friday.
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