Modest interest rate rethink after Bernanke's pep-talk

By Andrew Wilkinson
17 November 2009 @ 09:36 am EDT

The words of Fed chairman, Ben Bernanke caused a seismic shift in the yield curve on Monday, driving the yield on the 10-year to its lowest level in five weeks at 3.33%.  The reiteration of the 'extended period of monetary easing' was enough to spark contract highs across the Eurodollar complex with the 2010 strip advancing by around 10 basis points. In Tuesday's early action there is some profit-taking ahead of the release of industrial production this morning.

Contributed by Interactive Brokers

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