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Mkt Expects 50% Odds of Fed Rate Hike Before Oct: Wire
Yields on U.S. Treasuries advanced broadly by 12-15 bps last Friday (20th), as the market increasingly worried that prolonged Mideast war may prop up global inflation, Bloomberg re...
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Mkt Expects 50% Odds of Fed Rate Hike Before Oct: Wire
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Yields on U.S. Treasuries advanced broadly by 12-15 bps last Friday (20th), as the market increasingly worried that prolonged Mideast war may prop up global inflation, Bloomberg reported. Bond traders raised the expectation of a Federal Reserve rate hike before October to 50%.

Furthermore, there is no longer an expectation for the Fed to cut rates this year. Ahead of the U.S.-Iran conflict on February 28, the market had anticipated the Fed would cut rates twice this year, each by 25 bps.

Related NewsUnemployment Rate for Mar in United States is 4.3%, lower than the previous value of 4.4%. The forecast was 4.4%.
The yield on the five-year U.S. Treasury, which is relatively sensitive to Fed meetings on interest rates, rose above 4% last Friday for the first time since July last year and further increased to 4.035% in early Asian trading.

The ten-year Treasury yield grew to 4.39% last Friday, the highest since August last year, and further increased to 4.407% in early Asian trading. The thirty-year Treasury yield also hiked to 4.972%.

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