Yields and prices have an inverted relationship and one basis point equals 0.01%.Investors considered the path ahead for interest rates after the Federal Reserve's meeting concluded on Wednesday. As expected, thePolicymakers also provided some guidance about the outlook for interest rates, with Fed Chairman Jerome Powell indicating that it was unlikely for the next interest rate decision to be a hike.
The new plan will begin in June and will see a reduction of the amount of proceeds from maturing Treasurys that are allowed to roll off the Fed's balance sheet each month. On Thursday, investors will be looking out for factory order, balance of trade and weekly initial jobless claims data. This comes ahead of Friday's April jobs report.
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