Halister News

(Bloomberg) -- Risk for this week’s FOMC is that “the Fed leans hawkishly out of the meeting and the market needs to reprice to higher yields,” BMO strategists led by Margaret Kerins say in March 11 note.

• If 2s break above 95bp “congestion area,” then next target is 98.7bp, although front-end is “already oversold” and on “very near-term technical basis, 2yr yields may not have much further to sell off”
• A notably weak or strong Feb. CPI print on morning of Wednesday’s FOMC press conference “could swing language” in the statement although previously submitted SEP forecasts would be unaltered