Traders getting less certain about a Fed rate cut in June ...Middle East

The market pricing is showing that the odds of a June move have been reduced to ~62% now. That is down from ~68% at the end of last week here. And according to the CME Fedwatch tool, a 25 bps rate cut is now paired with just a ~56% probability. If anything, it suggests that we are looking at more of a coin flip ahead of the next big set of data points in the next two weeks.Bond traders are also starting to act up as already seen yesterday. I shared some technical levels to be mindful of here and we are starting to see that come into play. 10-year yields are now up 2 bps today to 4.349% and is knocking on the door of the recent 4.35% ceiling.It isn't exactly reverberating across broader marke

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Last updated : 02 April 2024 clock 01:33 PM

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Traders getting less certain about a Fed rate cut in June ...Middle East

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