Bond price moves are minimal after last week's slide when investors priced in more Fed rate hikes
What’s happeningWhat’s driving markets Benchmark bond yields are barely changed as traders hold their fire after a sharp jump last week and ahead of some crucial economic data.
What’s happening What’s driving markets Benchmark bond yields are barely changed as traders hold their fire after a sharp jump last week and ahead of some crucial economic data. Markets are pricing in a 91% probability that the Fed will raise interest rates by another 25 basis points to a range of 4.75% to 5.0% after its meeting on February 1st, according to the CME FedWatch tool.
U.S. economic updates, with just the New York Fed 1-year and 5-year inflation expectations survey due for release at 11 a.m. Eastern.
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