The Federal Reserve Open Market Committee left short-term interest rates unchanged Feb. 3, in line with market expectations. The bond market in turn didn’t move dramatically on the news, said Mark J. Giura, vice president and portfolio manager for Van Kampen American Capital. An earlier announcement regarding a U.S. Treasury refunding had buoyed bond prices, which held steady after the Fed announcement of no action, he said.
The Federal Reserve Open Market Committee left short-term interest...
Sponsored Content
Partner Content