Appetite for risk across global markets was damping demand for Treasuries, with yields also nudged higher by last week's sturdy jobs report
What’s happeningWhat’s driving markets Appetite for risk across global markets was damping demand for Treasuries, with yields also nudged higher by last week’s jobs report, which suggested the U.S. economy has so far absorbed the Federal Reserve’s rate-hike cycle without too much damage.
What’s happening What’s driving markets Appetite for risk across global markets was damping demand for Treasuries, with yields also nudged higher by last week’s jobs report, which suggested the U.S. economy has so far absorbed the Federal Reserve’s rate-hike cycle without too much damage. Markets are pricing in a 80.5% probability that the Fed will leave interest rates unchanged at a range of 5.0% to 5.25% after its meeting on June 14, according to the CME FedWatch tool.However, the probability of another 25 basis point rate rise in July has climbed from 5% a month ago to 55% on Monday.
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