Us bond traders expect the Fed to stand still in June

FAP, June 1 / PRNewswire-FirstCall-Asianet /-- as crisscross economic data continue to exacerbate uncertainty, the US interest rate market now suggests that the possibility of suspending interest rate hikes at the Fed's June meeting appears to be higher than a new round of monetary tightening. Swap data show that the probability of the Fed raising interest rates by 25 basis points in June is about 1/3, but it is more likely to stay put. The data show that the probability of raising interest rates by July is about 4/5, while the probability that the tightening cycle is now completely over is 1/5.