Fed Rate-Hike Odds Approach 100% in Anticipation of Trumponomics

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  • Old Mutual says next target for 10-year Treasury yield is 2.5%
  • Global bond index drops 1.5% in Nov., worst month since 2013

Are Markets Still Pricing in a December Rate Hike?

Analysts spent early November warning a Trump victory in the U.S. presidential election would make the Federal Reserve less likely to raise interest rates. What happened instead is that it made a December increase a near certainty.

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