Monday, December 12, 2016

Fed Outlook on rate hike?

The yield on 10 year Treasury Note is above 2.5% for the first time since October 2014, as investors eye a key Federal Reserve meeting which begins tommorow. The next notable yield is 3%, last hit in 2013. In equities: U.S. stocks are at all-time highs, with the Dow in striking distance of 20,000, but futures are sliding lower to start the week. Will expectations of a Fed rate hike put a dent in the Trump rally?