- Last month's FOMC meeting predated the tumbling Chinese stock market and the collapse of negotiations between Greece and its creditors, but its tone suggests that the Fed is still likely to raise rates this year unless the domestic economy is significantly disrupted by global events.
- It was clear, however, that the Fed is not ready to start raising rates quite yet, a view that San Francisco Fed president John Williams echoed in a speech today, saying he is "wary of acting before gathering more evidence that inflation’s trajectory is on the desired path."
- Treasurys add to gains following the FOMC minutes, with the 10-year yield now off six basis points to 2.20%.
- ETFs: TBT, TLT, TMV, SHY, IEF, TBF, EDV, TMF, PST, TTT, ZROZ, TLH, SBND, VGLT, IEI, BIL, TYO, UBT, DLBS, DTYS, UST, TLO, VGSH, SHV, VGIT, SCHO, TBX, SCHR, TENZ, GSY, TYD, LBND, DTYL, ITE, DTUS, DLBL, TYBS, DTUL, SST, TUZ, DFVL, FIVZ, VUSTX, TBZ, DFVS, TYNS, SYTL