Courtesy of Mish.
The futures market is starting to question the June rate hike thesis. For its part, the bond market is behaving as if the Fed is hiking the economy into a recession. Here are some pictures.
June Rate Hike Odds
No Hike in June Odds
- Month ago – 51%
- Week Ago – 12.3%
- Yesterday – 21.5%
- Today – 35.4%
10-Year Treasury Note Yield
The yield on the 10-year treasury note doubled from the low of 1.32% during the week of July 2, 2016, to the high 2.64% during the week of December 10, 2016.
Since March 11, 2017, the yield on the 10-year treasury note declined 40 basis points to 2.24%.
30-Year Long Bond
