Trim probability of Fed action
For September, traders see a 33% change of Fed hiking rates to 1.25%-1.5%. That is down from 40% onThursday.
The bond yields in the US are reflecting that sentiment with the 10 year yield at 2.285% down 5.3 bp. The 2 year yield is down 2 bp to 1.217%
Federal funds probability: 61% chance of Fed hiking in June vs 70% yesterday
