Rate hike probabilites


Above find a graph of the probabilities for .25%  rate hike at March meeting.I mentioned earlier that it touched a contract high,currently it is right around 50%.,it was Mid 30’s last week.Feds Harker comments appear to be catalyst. December 17 Eurodollar  are being sold aggressively with good volume  as rate hike expectations are being priced in and adjustments are being made.Yield curve is flatter on day as the short end takes more of the selling(adjustments then longer end).Quiet day today possibly one reason that markets are being so responsive to “Fed Speak”

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