“We have seen a greater clustering of FOMC participants’ views around mid-2015 in recent months, with a couple of more dovish members indicating a possible shift forward,” Goldman Sachs economists said in the article. “Similarly, private sector forecasts for the first hike became more centered on mid-2015 from August to September.”
Along with Fed rate expectations, Treasury yields have been rising on the unease over the Scottish independence vote and uncertainty over the European Central Bank’s planned purchasing program.
iPath US Treasury Steepener ETN
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Max Chen contributed to this article.