Overnight Market Review (2022.9.21) The Fed started a two-day meeting on Tuesday, and the market currently expects an 83% chance of a 0.75% rate hike, and a 17% chance of a 1% rate hike.
Faced with the possibility of sharp interest rate hikes, the market is worried that aggressive interest rate hikes may trigger an economic recession, so U.S. bond selling intensified and yields continued to climb. On Tuesday, U.S. 2-year Treasury yields climbed to their highest levels since the second half of 2007. The 10-year Treasury yield rose to 3.593%, the highest since 2011. The yield on the 30-year U.S. Treasury note rose to 3.574%, the highest since April 2014.
In addition, Wednesday also needs to pay attention to the US existing home sales data in August, which is expected to be 4.7 million and the previous value of 4.81 million.
Trading strategy deployment: it is recommended to do more at low levels
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
