Tuesday , 21 August 2018
Breaking News
Telecoms Flat Amid Hedging on Rates — Telecoms Roundup – Fox Business

Telecoms Flat Amid Hedging on Rates — Telecoms Roundup – Fox Business

Shares of telecommunications companies were flat as traders hedged their bets on the outlook for rates.

Continue Reading Below

Defensive sectors such as telecoms and utilities have typically thrived when rate expectations are declining.

Treasurys bounced around after reports of weaker-than-anticipated jobs and wage growth, suggesting traders didn’t believe the data changed the Federal Reserve’s calculus.

Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

September 01, 2017 17:10 ET (21:10 GMT)

Let’s block ads! (Why?)


Source link

Share and Enjoy

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Email
Print