Market Comment | ECB inaction drives bond yields higher ahead of Fed meeting

Speculation about central banks’ upcoming policy stance drove financial markets over the week. August’s US payrolls and service sector data were released early in the week, when weak outturns lowered the probability of a Fed interest rate hike. However, expectations of a hike in 2016 bounced back (to 38% September and 63% December) after hawkish […]

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