AIRLINK 196.38 Increased By ▲ 4.54 (2.37%)
BOP 10.11 Increased By ▲ 0.24 (2.43%)
CNERGY 7.75 Increased By ▲ 0.08 (1.04%)
FCCL 38.10 Increased By ▲ 0.24 (0.63%)
FFL 15.74 Decreased By ▼ -0.02 (-0.13%)
FLYNG 24.54 Decreased By ▼ -0.77 (-3.04%)
HUBC 130.38 Increased By ▲ 0.21 (0.16%)
HUMNL 13.73 Increased By ▲ 0.14 (1.03%)
KEL 4.60 Decreased By ▼ -0.07 (-1.5%)
KOSM 6.19 Decreased By ▼ -0.02 (-0.32%)
MLCF 44.85 Increased By ▲ 0.56 (1.26%)
OGDC 206.51 Decreased By ▼ -0.36 (-0.17%)
PACE 6.58 Increased By ▲ 0.02 (0.3%)
PAEL 39.77 Decreased By ▼ -0.78 (-1.92%)
PIAHCLA 17.20 Decreased By ▼ -0.39 (-2.22%)
PIBTL 7.99 Decreased By ▼ -0.08 (-0.99%)
POWER 9.20 Decreased By ▼ -0.04 (-0.43%)
PPL 178.91 Increased By ▲ 0.35 (0.2%)
PRL 38.93 Decreased By ▼ -0.15 (-0.38%)
PTC 24.31 Increased By ▲ 0.17 (0.7%)
SEARL 109.27 Increased By ▲ 1.42 (1.32%)
SILK 1.00 Increased By ▲ 0.03 (3.09%)
SSGC 37.75 Decreased By ▼ -1.36 (-3.48%)
SYM 18.83 Decreased By ▼ -0.29 (-1.52%)
TELE 8.53 Decreased By ▼ -0.07 (-0.81%)
TPLP 12.14 Decreased By ▼ -0.23 (-1.86%)
TRG 64.76 Decreased By ▼ -1.25 (-1.89%)
WAVESAPP 12.11 Decreased By ▼ -0.67 (-5.24%)
WTL 1.64 Decreased By ▼ -0.06 (-3.53%)
YOUW 3.87 Decreased By ▼ -0.08 (-2.03%)
BR100 12,000 Increased By 69.2 (0.58%)
BR30 35,548 Decreased By -112 (-0.31%)
KSE100 114,256 Increased By 1049.3 (0.93%)
KSE30 35,870 Increased By 304.3 (0.86%)

NEW YORK,: US Treasuries prices gained slightly on Wednesday as investors awaited the conclusion of the Federal Reserve's two-day meeting for new indications on whether the US central bank is likely to raise interest rates against this year.

The US central bank is widely expected to announce that it will begin paring its bond holdings, and many analysts and investors expect the reductions may begin in October.

The Fed will also update its economic projections, known as its "dot plot," which will be used to evaluate whether an interest rate increase in December is likely.

"Everyone will be watching the dot plot," said Ian Lyngen, head of US rates strategy at BMO Capital Markets in New York.

"Even if they don't decrease the dots for 2018 and 2019, any backup in yields will ultimately prove to be a buying opportunity because there is still a great deal of economic uncertainty at this point, and there's a lot of data between now and the December meeting," Lyngen said.

Benchmark 10-year notes were last up in 3/32 price to yield 2.232 percent, from 2.243 percent on Tuesday.

Traders will also be closely watching any comments the Fed makes on inflation, which has remained below the Fed's 2-percent target. Expectations of a December rate hike increased after data last Thursday showed that US consumer prices accelerated in August.

Futures interest rate traders are now pricing in a 62-percent chance of a December rate increase, according to the CME Group's FedWatch Tool.

Traders are also looking for any clarity on personnel changes as the end of Fed Chair Janet Yellen's term approaches and after the resignation of Vice Chair Stanley Fischer earlier this month.

A solid auction of German 30-year government debt helped boost Treasury prices earlier on Wednesday.

 

Copyright Reuters, 2017
 

 

 

Comments

Comments are closed.