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Probability of Fed tightening in December just increased

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 6, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The latest data from the CME Fed watch indicates the odds of a 25bps rate hike shot up across the board on the back of a stellar October Non-farm payrolls report released today.

    The December rate hike probability now stands at 71.7%, compared to 58% seen ahead of the data. The January rate hike probability now stands at 75.8%, while March probability now stands at 85.2%; out of which 31.74% represents move in the bank rate to 0.75%.

    The Treasury yields also spiked, which also says the odds of a rate hike have increased. The 2-yr treasury note, which is more policy sensitive, rose to a high of 0.958%; its highest since May 2010.
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