Category: Federal Reserve System

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Interbank market news scan: Are declining Treasury rates indicating an expected fall off in spending?

U.S. Treasury rates The two-year, ten-year, and thirty-year Treasury rates yesterday continued their downward path, according to data from the U.S. Treasury. The two-year rate decreased from 4.13% to 4.07%. The ten-year rate fell from 4.40% to 4.30%, while the 30-year rate fell from 4.66% to 4.55%. (Ready for your next trader challenge? Visit https://traderswithedge.com/?r=348) … Continue reading Interbank market news scan: Are declining Treasury rates indicating an expected fall off in spending?

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Interbank market news scan: Fed reports steady overnight rates. Treasurys continue their fall. Congress quiet on financial markets.

U.S. Treasury rates On 24 February 2025, the two-year, ten-year, and thirty-year Treasury rates moved down between 8:49 am and 5:05 pm. According to Treasury data, the two-year rate moved from 4.19% to 4.13%. The ten-year rate fell from 4.42% to 4.40%, while the 30-year rate fell from 4.67% to 4.66%. Board of Governors of … Continue reading Interbank market news scan: Fed reports steady overnight rates. Treasurys continue their fall. Congress quiet on financial markets.

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Interbank market news scan: As the GOP takes a closer look at monetary policy, does it risk extending inflation?

The monetary policy takeaway …. GOP members of the U.S. House Committee on Financial Services are flexing their constitutional muscles on monetary policy. On 4 March 2025, the Committee’s Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity will hold a hearing on monetary policy and economic prosperity. “The actions of the Federal … Continue reading Interbank market news scan: As the GOP takes a closer look at monetary policy, does it risk extending inflation?

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Interbank market news scan: Certain overnight rates see an uptick.

U.S. Treasury rates Yesterday, the two-year, ten-year, and thirty-year Treasury rates moved down between 9:00 am this morning and 4:30 pm. According to Treasury data, the one-month rate stayed relatively the same, moving from 4.29% to 4.28%. The ten-year rate fell from 4.55% to 4.53%, while the 30-year rate fell from 4.77% to 4.76%. Board … Continue reading Interbank market news scan: Certain overnight rates see an uptick.

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Interbank market news scan: Will Trump’s reining in of independent agencies snare Federal Reserve monetary policymaking?

The Interbank Market U.S. Treasury rates The two-year, ten-year, and thirty-year Treasury rates all increased between 9:43 am this morning and 4:52 pm this afternoon. According to Treasury data, the two-year rate stayed relatively the same, moving from 4.26% to 4.29%. The ten-year rate increased from 4.47% to 4.55%, while the 30-year rate moved from … Continue reading Interbank market news scan: Will Trump’s reining in of independent agencies snare Federal Reserve monetary policymaking?

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Interbank market news scan: HR 146 provides no rationale for prohibiting payment of interest on reserve balances

Tomorrow is President’s Day in the United States, so banks and the US government are closed for the holiday. Back on 9 January, I discussed the introduction of HR 146, Prohibition of IOER Act of 2025, a bill that would prohibit the payment of interest on reserve balances in excess of minimum requirements. During my … Continue reading Interbank market news scan: HR 146 provides no rationale for prohibiting payment of interest on reserve balances

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Interbank market news scan: Ten-year note, thirty-year bond, see decline in yields.

U.S. Treasury rates On 14 February 2025, the one-month T-bill rate stayed at 4.37%. The ten-year note saw its rate fall from 4.52% to 4.47% while the thirty-year Treasury rate moved down from 4.72% to 4.69%. Board of Governors of the Federal Reserve System According to data as of 14 February 2025 from the Board … Continue reading Interbank market news scan: Ten-year note, thirty-year bond, see decline in yields.

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Interbank market news scan: Not much change in Federal Reserve Bank of New York reference rates.

U.S. Treasury rates The one-month, ten-year, and thirty-year Treasury rates moved down between 9:00 am this morning and 4:30 pm this afternoon. According to Treasury data, the one-month rate stayed relatively the same, moving from 4.38% to 4.37%. The ten-year rate fell from 4.62% to 4.52%, while the 30-year rate fell from 4.83% to 4.72%. … Continue reading Interbank market news scan: Not much change in Federal Reserve Bank of New York reference rates.

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Interbank market news scan: On interest rates, traders be advised that Mr. Trump is out of his lane

Yesterday, U.S. President Donald Trump stated that he would demand that the Board of Governors of the Federal Reserve System lower interest rates. Mr. Trump’s off the cuff remarks reminded me of a scene from “Air Force One” where Harrison Ford’s character during a speech made in a central Asian country shared a position on … Continue reading Interbank market news scan: On interest rates, traders be advised that Mr. Trump is out of his lane