Treasury yields fell on Thursday morning, as investors digested the latest Fed meeting minutes and monitored developments on the Russia-Ukraine crisis.
moved 4 basis points lower to 2.3211%. Yields move inversely to prices and 1 basis point is equal to 0.01%., released Wednesday afternoon, offered a dovish update from the central bank. The minutes indicated that the Fed would likely start to raise interest rates soon and outlined its plans for shedding the trillions of dollars of bonds off its balance sheet.
Charlie Ripley, senior investment strategist at Allianz Investment Management, said on Wednesday that the Fed minutes indicate a "faster pace of tightening relative to the last hiking cycle is warranted." "On balance, there was nothing in the minutes that suggested the Fed would be more aggressive than what the market has already priced in," he added.
Meanwhile, geopolitical tensions continued to be in focus for investors. NATO officials on Wednesday accused Russia of at the Ukrainian border, a day after Moscow claimed it had started to withdraw some of its military units.
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