News Snapshot:
The yield on the US 10-year note slipped 1 basis point to 3.41 per cent at 2.39pm in New York. On Wall Street, the S & P 500 opened higher as March CPI data mostly met expectations, however the initial optimism had faded by mid-morning and recovered through 2pm. At 2pm, the Fed released its latest meeting minutes which signalled that policymakers are divided; some considered pausing rate rises last month, while others debated a half-point increase. In the end, they agreed on a quarter point rise. “The arguments for holding rates at the March meeting was explored, but apparently...
