CME Group FedWatch's June hike probability leaped above 80%

Eren Sengezer FXStreet

The solid performance of the U.S. Treasury bond yields on Tuesday boosted the odds for a rate hike in June. CME Group FedWatch tool, which calculates unconditional probabilities of Federal Open Market Committee (FOMC) meeting outcomes to generate a binary probability tree, now shows that the markets are pricing a probability of 83.1% rate hike in June.

U.S. Treasury bond yields edge higher on Tuesday

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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