T Rowe Price GNMA Fund
Economists Zach Pandl and Daan Struyven from Goldman Sachs believe the March 2016 monetary policy statement released by the FOMC was one of the most dovish of this century.
Company & Industry Overviews
One of the recurrent themes in 2015 was speculation regarding the Federal Reserve’s raising of the federal funds rate.
In the week ended November 6, 2015, Treasury yields rose across the yield curve, except for three-month Treasury bills.
The US Treasury held its weekly 26-week Treasury bills auction on October 5. T-bills worth $21 billion were on offer—$3 billion higher than the prior week.
The US Treasury holds monthly auctions of three-year Treasury notes. The yield on these notes is related to movements in the Fed’s federal funds rate.
Following news of a possible Fed rate hike later this year, Treasury yields rose across the yield curve, except for six-month Treasury bills, in the week ending September 25, 2015.
Treasury yields rose across the yield curve in the week ended August 28, after the upbeat 2Q15 US real GDP data. Yields rose after Stanley Fischer, vice chair of the Federal Reserve, noted the possibility of a September rate hike.
Treasury yields tumbled across the yield curve in the week ended August 21, 2015, with a falling stock market and a dovish outlook of the Fed minutes.