Bond market to trade sideways this week

04/04/05 - Rabo Securities

NEW YORK, April 4 (newratings.com) – Analysts at Rabo Securities anticipate range-bound trade in the bond market this week.

In a research note published this morning, the analysts mention that no major economic data is expected to be announced this week, with only a few releases scheduled for the week. Rabo Securities expects the ECB (European Central Bank) to keep its benchmark refinance rate unchanged. The recent statements from the Fed policymakers in the US indicate that the Federal Reserve is continuing to boost its Fed funds rate, the analysts add.