Today at 2pm ET the Fed will release the minutes of their meeting. People will be looking for clues on the Fed’s thoughts about potentially hiking rates at the September and December meetings.
If the thought is there won’t be a hike coming soon, then the bond markets will continue with lower rates. However, if it sounds like they will hike in September or December, the bond market will respond with higher rates.
I’ll watch it and let you know.
That’s it for today!
Have a good day! …and thanks for reading.
Brett