Indicative French-German Yield Gap Reaches About 142 Basis Points
Photo: TokenPost
Traders put an 85% chance on a Federal Reserve rate hold this month, while an indicative French-German yield gap of about 142 basis points showed continued pressure in European debt markets. On Oct. 19, contracts tied to the Fed’s October decision assigned a 14% chance to a quarter-point increase. Contracts for the Dec. 9 decision put the chance of a quarter-point increase at 74%. Those percentages reflect contract prices, rather than a signal from the Fed about its next move. The Oct. 1 pricing snapshot had put the probability of an October hold at 64%. The Oct.
Source: TokenPost
