January ' 19 US Treasury Report
The US yields have fallen in December more or less in line with our expectation. Despite the fall in Crude prices, FED increased rates by 25 bps in the Dec'18 policy meet. In the current report, we analyse the possible rate hikes as indicated by the FED along with possibility of further fall in the US yields in 2019. We consider some improvement in the market sentiment of US economic data going into mid-2019 or later.
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