J.P. Morgan strategists said that after Tuesday's sharp drop, the front end of the US Treasury yield curve appeared to be “quite reasonably priced,” but they warned that if the more hawkish stance shown by some Fed officials spreads among policymakers, it could trigger more intense bond sell-offs and cause the yield curve to flatten. A team led by Jay Barry, head of global interest rate strategy, said after speaking with Federal Reserve Governor Christopher Waller and Dallas Fed President Lorie Logan: “It is worth noting that the tone of the two committee members who did not vote against the September meeting actually changed.”

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.