What the bond market is saying: 321K = 17 bps

The eurodollar curve is pricing in faster rate hikes and a higher terminal rate after Friday’s non-farm payrolls showed 321K jobs created in November. It’s just one number but the market is getting giddy about the prospects for Fed hikes, despite low inflation.

No Fed hikes until December – Citi

Citi says the Federal Reserve won’t hike rates until December pushing forecast back from September That’s a bold call from Citi because everyone is clamoring for Fed rate hikes at the moment but you have to ask, why?