Briefing.com on rate increases

[HenryTo]

From the 11:30am ET update:

11:30AM: Onward and upward remains a driving mantra this morning, as investors continue to rally around falling bond yields... While the ISM index has provided much of the spark behind aggressive buying efforts in Treasurys, knocking the 10-year yield down to 14-month lows, and gains of more than 1.0% for the major averages, comments from Dallas Fed Bank President Richard Fisher have also helped underpin a widely bullish sentiment...

Just before the 10:00 ET release of the ISM index, Fisher said on CNBC that rate increases are in the "8th inning" of the Fed's tightening cycle, implying that further hikes are nearing an end... NYSE Adv/Dec 2365/732, Nasdaq Adv/Dec 1961/854