Buyers appeared to return to the market the past two sessions after the January correction moved yields and ratios higher. Secondary trading was up again on Wednesday and new deals were well-received.
WASHINGTON, Jan 26 ― Wall Street ended the day lower yesterday after another tumultuous day of trading while oil jumped more than 2 per cent as geopolitical tensions and today's Federal Reserve update occupied investor focus. All three major US stock indices experienced a repeat of Monday's bumpy.
Triple-A benchmarks were cut two to six basis points across the curve with the largest moves concentrated again on bonds inside 10 years, underperforming Treasuries once again.
Rising geopolitical tensions and a looming Federal Reserve move to tighten monetary policy weighed down Wall Street on Tuesday and helped to drive oil higher. After shaking off steep.