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May 2, 2022, 11:04 a.m. EDT

Fed funds traders see 91% chance of 75 basis point hike in June, according to CME FedWatch Tool

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By MarketWatch

Traders of fed-funds futures see a 91% likelihood that the Federal Reserve delivers a 75 basis point rate hike in June, up from 19% a month ago, based on the CME FedWatch Tool. They are factoring in the prospect of a jumbo-sized move on top of an almost 100% chance of a 50 basis point increase by the Fed on Wednesday. A half-point move this week plus even larger hike in June would take the fed funds rate up to 1.5% to 1.75%, from its current level of 0.25% to 0.5%. Also on Monday, the 10-year Treasury rate inched /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y -0.59% toward 3%, while the 7- /zigman2/quotes/211347050/realtime BX:TMUBMUSD07Y -1.61% , 20- /zigman2/quotes/218412477/realtime BX:TMUBMUSD20Y -0.41% and 30-year Treasury yields /zigman2/quotes/211347052/realtime BX:TMUBMUSD30Y -0.30% all breached that mark.

/zigman2/quotes/211347051/realtime
add Add to watchlist BX:TMUBMUSD10Y
BX : Tullett Prebon
3.16
-0.02 -0.59%
Volume: 0.00
June 28, 2022 9:08p
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/zigman2/quotes/211347050/realtime
add Add to watchlist BX:TMUBMUSD07Y
BX : Tullett Prebon
3.23
-0.05 -1.61%
Volume: 0.00
June 28, 2022 9:08p
loading...
/zigman2/quotes/218412477/realtime
add Add to watchlist BX:TMUBMUSD20Y
BX : Tullett Prebon
3.53
-0.01 -0.41%
Volume: 0.00
June 28, 2022 9:08p
loading...
/zigman2/quotes/211347052/realtime
add Add to watchlist BX:TMUBMUSD30Y
BX : Tullett Prebon
3.27
-0.01 -0.30%
Volume: 0.00
June 28, 2022 9:08p
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