FED WATCH: A Wait-and-See Line Expected at June 15th FOMC Interest Rate Meeting

The odds for an interest rate hike at the Fed’s June 15th meeting have come off significantly on the back of weak economic data out of the US. The Fed has outlined a “very gradual” glide path for interest rates going forward and explained the overarching dependence of upcoming rate action on incoming economic data, … Read moreFED WATCH: A Wait-and-See Line Expected at June 15th FOMC Interest Rate Meeting

FED WATCH: December Hike Odds Edge Higher Alongside “Gradual Pace” Language for First Dove-Hike

The FOMC’s minutes, released on Wednesday 2:00 (ET) showed that the majority of Fed members felt that a Dec hike is appropriate and that the US economy could, now, withstand higher interest rates. However, a few members felt that the hard economic data indicates that the criteria for a hike may not have been met, … Read moreFED WATCH: December Hike Odds Edge Higher Alongside “Gradual Pace” Language for First Dove-Hike

Research Focal Points: King TUT The 2s Over 10s US Treasury Spread Trade Outlook

The Fed is expected to begin its process of normalizing rates this December. Recent commentary from Fed’s Bullard (hawk), who is a non-voting member until he joins the member rotation in 2016, alludes to a greater than 50% chance of a hike as early as Sep. Getting short the TUT (A yield spread constructed by … Read moreResearch Focal Points: King TUT The 2s Over 10s US Treasury Spread Trade Outlook