BusinessPhoto: Mint MarketsUS Short-Term Yields Drop After Fed Signals Fewer Meetings
Short-dated US Treasury yields and the dollar fell after Federal Reserve official Kevin Warsh announced fewer interest-rate meetings starting next year. Two-year yields dropped up to four basis points to 4.7% following his remarks. The market interpreted the scheduling change as dovish, causing the dollar to slip. The Fed left rates steady in October, with some dissenters favoring a hike.
Mint Markets·


