Fed Minutes Send Bond Prices Lower
In today’s economic news,
Business Activity in the Chicago region expanded unexpectedly
(report)
and the May FOMC minutes were released (report).
Treasuries closed sharply lower, pushing yields back towards multi-year highs.
The US Dollar Index recovered part of yesterday’s losses, as the Dollar recorded
gains against all the majors.
Gold, Silver and Copper futures all pulled back.
June Crude Oil futures declined, along with Unleaded Gas and Heating Oil.
Natural Gas bucked the trend to close higher.
In the softs, Cocoa +0.96% and Coffee +0.20% closed higher, Sugar -2.83%, Orange
Juice -2.80%, Cotton -1.37% and Lumber -1.08% closed lower.
The grains were weak, especially Wheat which lost 4.49%.
Economic News
Chicago PMI 61.5 After 57.2 (report)
FOMC minutes released (report)
For more reports and analysis go to our
Economic
News section.
Ashton Dorkins
Want a free month of
PowerRatings?
Send us your
PowerRatings
strategy and receive one free month of this exciting trading tool. If you are
already a monthly or annual
PowerRatings
subscriber, you will receive an additional three months if we publish your
strategy.