Fed minutes to be much less exciting for bond traders – Microsoft and Nvidia hit a fresh record [Video]
|The US bonds extended their rally after a relatively strong US 20-year bond auction. Stocks rallied. Microsoft and Nvidia hit a fresh record.
Today, expect the Federal Reserve (Fed) minutes to be much less exciting for bond traders. The Fed minutes will come as a reminder that the falling long-term yields were a major reason why the Fed decided to keep rates steady at the latest meeting. Tanking yields mean that the Fed must stay alert.
In individual new, Nvidia is due to release earnings after today’s closing bell. The company will attempt to beat its own prediction of $16bn sales in the Q3, up from $13.50bn a quarter earlier and around $10bn more than the Q3 of last year. Expectation that Nvidia will beat its own projection is… high.
Elsewhere, HP, Lowe’s and Best Buy will also expected to report earnings today and their sales are expected to have slowed due to weaker consumer and corporate spending.
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