Fed Reluctant On Yield Curve Control Scheme: ETFs To Gain/Lose
The Federal Reserve’s policymaking body released minutes of its Jul 28-29 meeting on Aug 19. As a result, post meeting, the benchmark 10- year U.S. treasury yield gained by one bps to 0.68% on Aug 19 from a day earlier. Overall, the yield curve slightly steepened on Aug 19.
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