Friday, June 4, 2010

Barclays economists just changed their first Fed rate hike call from Q3 this year to Q2 $FED

  1843 GMT [Dow Jones] Barclays economists just changed their first Fed rate hike call from Q3 this year to Q2, 2011.
The revision came Friday as US stocks and euro dropped on a disappointing US jobs report and as euro-zone debt worries
flare up again. In response to the changes in rate outlook, Barclays, one of the 18 primary dealers of the Treasury
market, also revised their Treasury yield call. Now they are turning less bearish, seeing the 10-yr yield end the year
at 3.85%, from 4.3% previously predicted. The 10-yr yield is down 16 bp to 3.222% in recent trade.

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