fed minutes, 2010-09-21
The decision by the Federal Open Market Committee (FOMC) at its August meeting to maintain the 0 to 1/4 percent target range for the federal funds rate was widely anticipated, but Treasury yields declined as investors reportedly focused on the indication in the accompanying statement that principal payments from agency debt and MBS in the Federal Reserve's portfolio would be reinvested in longer-term Treasury securities and also on the characterization of the economic outlook, which was seen as somewhat more downbeat than expected.
Sentiment: neutral
Topic: mp_interest_rate