Treasuries slip on election day as volatility hits one-year high

Quick Summary:

US Treasuries fell and a gauge of bond volatility rose to the highest in a year as traders counted down to the outcome of a presidential election that remains too close to call.

The ICE BofA MOVE Index, a measure of expected fluctuations in yields, reached the highest level since October 2023 on Monday.

The Fed’s next policy meeting concludes Thursday, and swaps traders are pricing in an over 90 percent probability the central bank reduces rates by a quarter of a percentage point.

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Author / Journalist: Alice Atkins & Liz Capo McCormick | Bloomberg

Category: BusinessStartups

Markets: PhilippinesBrazilChinaColombiaMali

Topics: Traders Highest Election Markets Harris 10-year Trump Yields Percent Outcome Volatility

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 11:19:10 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 795 words

Reading Time: 5 minutes read

Sentences: 27 lines

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Copyright Owner: © Business Mirror

News ID: 23446693

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