jesuslover07
New member
Interbank futures implied rates have dropped this morning, presumably due to the UK announcing changes to its tax cut plans overnight.
- Market-implied terminal rate* is 4.06%
- Expected Oct rate hike is 43bps, equal to a 74% chance of 50bps and a 26% chance of 25bps.
- Expected Nov rate hike is 31bps, equal to a 75% chance of 25bps and a 25% chance of 50bps.
- Expected Dec rate hike is 22bps, equal to an 87% chance of 25bps and a 13% chance of no hike at all.