... and volatility in fixed income markets. T-notes make an initial knee-jerk reaction higher before paring half the move, now trading 133.10 (down 5+ ticks).
Strength in the USD with no mention of QE3, which consequently saw the energy complex under pressure, with new lows in WTI and Brent, and FX pairs seeing significant moves including AUD/USD which printed a low at 1.0134 (-39 pips last)
- Rate unchanged, with only Lacker dissenting
- Extension of Operation Twist through to the end of this year
- Reiterate that they see exceptionally low rates through at least late 2014
- Reiterate that they are prepared to take further action 'as appropriate'
- No QE3
Print 16:43, 20 Jun 2012 - Market Analysis - Source: RANsquawk
RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: