PVG Market In A Minute - October 31, 2023
October 31, 2023
Treasury Refunding and Federal Reserve Meeting: The Federal reserve meets this week and will likely announce on Wednesday that they are going to leave rates unchanged, but two hours before is the even more important Treasury Refunding announcement when the Treasury sets the amount they will need to borrow for the quarter. The reason for its importance is the market is very concerned about the amount of borrowing and the impact on bonds yields.