Bond Dealers See Higher Chances for Two More U.S Rate Hikes

U.S. interest rates futures fell on Monday as Sunday’s French presidential election reinforced the view centrist Emmanuel Macron would beat anti-EU candidate Marine Le Pen in a runoff on May 7, soothing fears about political upheaval in Europe.

Federal funds futures implied traders saw about a 50 percent chance the U.S. central banks would raise interest rates two more times by the end of 2017, compared with 40 percent at Friday’s close, CME Group’s FedWatch program showed.

CME Group

Reuters

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell
Dean Popplewell

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