Oil Drop Softens Rate Expectations
The drop in oil prices is softening rate-hike expectations, affecting U.S. Treasury yields.
Too little corroboration in the last 3 days to call a trend (4 articles). Watching for it to gain traction.
"T-notes also found support on Thursday's decline in WTI crude oil to a 4.25-month low, which lowers inflation expectations."
"Treasury yields rose in the bond market as oil prices eased."
"The U.S. Treasury yields climbed before and just late from the Thursday Federal Reserve May Economists on inflation in order to keep the lid lower on interest measure may not of oil prices."
"Rate-hike pricing has softened on the oil drop, though traders remain partially positioned for a 25-basis-point Fed move by year-end after FOMC minutes flagged persistent inflation concern."