US Markets are on the rise again this morning amid speculation this afternoon’s Fed minutes will point to a gradual interest rate rise over time as the US economy improves. With the high likelihood of a rate rise in December, the US 10-year bond is settling in to a new trading range here around 2.30%, while oil is improving this morning, avoiding a 30 handle trade for the time being. High yield continues to feel better this morning after retail inflows yesterday to mutual and exchange traded funds and in sympathy with better equity market sentiment. Four deals priced Tuesday as primary market activity picked up with new deals printing for Ally Financial, Stats Chippac, Rackspace and PBF Energy. The focus for the day will be around the Fed minutes announced at 2pm ET.
RSS Feed
