TREASURIES -U.S. yields edge higher ahead of Fed statement [Reuters]
Bryn Mawr Bank Corporation (BMTC)
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Source: Reuters
TREASURIES -U.S. yields edge higher ahead of Fed statement | Reuters 2 Min Read Nov 8 (Reuters) - Most U.S. Treasury yields edged higher on Thursday as traders waited for any insight from the Federal Reserve on future rate increases. Fed policy makers are expected to leave key short-term lending rates at 2.00-2.25 percent on Thursday. They will release their policy statement at 2 p.m. (1900 GMT). There are expectations they may hint at a possible rate rise in December and more increases in 2019. “Today we are waiting to see if there is any new information for rates to go higher,” said James Barnes, director of fixed income at The Bryn Mawr Trust Co. in Davon, Pennsylvania. Bond yields traded in a choppy session on Wednesday. They swung sharply in overnight trading on uncertainty over the U.S. midterm congressional election outcome. The yield curve then flattened as traders reckoned split control of Congress would result in gridlock that would produce no fresh fiscal stimulus for the e
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