Morning BriefingUS 10 Yr Yield (2.85), 30 Yr (3.086), 5 Yr (2.65), 2 Yr (2.30) : US Yields haven’t seen much movement (as is usual in sessions just before the Fed meeting) Data releases over the past week have put up a contrasting view of the US economy – CPI, Retail Sales, Wage Growth and Housing Starts data indicate a pause in growth while Capacity Utilization, unemployment claims, Industrial Production and Import Prices data indicate a surge in growth. We expect the US Fed to hike rates tomorrow but at the same time strike a balance by not being too hawkish in the press conference. We might be wrong and the Fed could surprise everyone - lets wait and watch. For now, we expect 10 Year yields to move past 3% in the days after the Fed meeting.
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2018 is expected to be bullish on the whole for Crude Oil. The recent rally will be followed by a phase of short term corrections for both... Read More