The Fed announced last week that it would end its balance sheet run-off beginning in October, sooner than most strategists had predicted.
There’s little standing in the way of lower Treasury yields the rest of this month, according to Jim Vogel, a strategist at FTN Financial. “The last five days now is largest volume period of 2019, setting up still more volatility next week as fresh data make their appearance,” Vogel wrote in a note.
This article was provided by Bloomberg News.