[MARKET ANALYSIS] T-note futures remain subdued with money markets pricing outside chances of 50bps Fed rate hike in December
ORIGINAL · Newsquawk[MARKET ANALYSIS] T-note futures remain subdued with money markets pricing outside chances of 50bps Fed rate hike in DecemberRead originalHide original
USTs: -5.5 ticks Remained subdued as participants digested the recent hawkish Fed rhetoric and firmer-than-expected CPI data, which spurred hawkish rate hike bets with money markets fully pricing in a hike in December of at least 25bps and an outside chance for a greater 50bps move, while price action is also constrained by the closure of cash treasuries trade on Wednesday due to Veterans Day. Bunds: -9 ticks Remains subdued after retreating yesterday and with demand not helped by looming supply. JGBs: -70 ticks Tracked the downside in global peers, with demand not helped by a rebound in Japanese stocks and the absence of any tier-1 data releases.
Treasury futures were subdued as the article reported fully priced December hike expectations and an outside chance of a 50 bps move; Bund and Japanese futures also declined.
News detail
USTs: -5.5 ticks Remained subdued as participants digested the recent hawkish Fed rhetoric and firmer-than-expected CPI data, which spurred hawkish rate hike bets with money markets fully pricing in a hike in December of at least 25bps and an outside chance for a greater 50bps move, while price action is also constrained by the closure of cash treasuries trade on Wednesday due to Veterans Day. Bunds: -9 ticks Remains subdued after retreating yesterday and with demand not helped by looming supply. JGBs: -70 ticks Tracked the downside in global peers, with demand not helped by a rebound in Japanese stocks and the absence of any tier-1 data releases.
What do investors think?
StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.