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Fed Rate-Increase Odds Drop to 10% for October, Futures Show

  • Treasury 10-year yield rises as global stock markets advance
  • Yield on index of global bonds declines to less than 1%
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The bond market shows traders see only a 10 percent chance the Federal Reserve will raise interest rates at its Oct. 27-28 meeting following weaker-than-expected employment growth.

Treasury 10-year notes ended five days of gains Monday as stocks advanced. The yield climbed from the lowest level in almost six weeks reached on Oct. 2. Mohamed A. El-Erian said the odds of a Fed liftoff are 50 percent for the following session Dec. 15-16, while analysts at Societe Generale SA said Federal Open Market Committee officials won’t move until March.