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STI Index — Singapore Market
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IPC Index — Mexico Market
The yield on the US 10-year Treasury note held around 4.69% on Tuesday as investors continued to evaluate the outlook for Federal Reserve monetary policy amid heightened uncertainty in the Middle East. Markets are currently pricing in about a 65% chance of a 25 basis point Fed rate hike in September after the central bank left interest rates unchanged in July. However, three policymakers dissented from the decision, while Chair Kevin Warsh offered little forward guidance on the path of interest rates. Meanwhile, Bank of New York Fed President John Williams said monetary policy remains well positioned, adding that inflation is expected to ease during the second half of the year. Investors are now awaiting the latest JOLTS job openings report and international trade data due later today for further clues on the strength of the US economy.
