Treasurys remain lower after FOMC; first hike priced in one year from now

|By:, SA News Editor

Treasury yields remain as they were ahead of the FOMC minutes, the 10-year up four basis points on the session to 2.55% and the 2-year up one basis point to 0.34%.

The minutes reveal a committee convinced the weather was behind the Q1 slowdown, and that the early Q2 numbers point to a rebound.

The Eurodollar futures market is pricing in the first rate hike by about this time next year.

TLT -0.7%, TBT +1.4%

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