Fed Traders Jack Up Bets on Two Hikes by Year-End
Posted By Peter Coyne | 2023-07-01 04:34:19
Wall Street got more signs the Federal Reserve’s war against inflation isn’t breaking the economy — or at least not yet — with traders sending Treasury yields soaring amid bets on further tightening.
- Bonds sold off across the curve, with two-year yields jumping 15 basis points to 4.86%.😨Swap markets now indicate a nearly 50% chance of a second Fed hike by year-end.