FOMC's Interest Rate Hike, Labor Data Led to Rally and Drop in Yield Indexes

Albano, Christine; Johnston, Anastasija
July 2004
Bond Buyer;7/9/2004, Vol. 349 Issue 31922, p5
Trade Publication
Reports that the bond market rally over the first week of July 2004 was triggered by two major events in the U.S. Hike in interest rates implemented by the Federal Open Market Committee; Announcement by the Labor Department that there was an unexpectedly small rise in non-farm payrolls; Implications on the bond market.


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