Fed funds futures reflect a higher possibility of a 50 basis point rate increase by the Federal Reserve in March, after January’s nonfarm payrolls data produced a greater-than-expected 467,000 gain. The probability of a 50bps hike was 27% as of Friday morning, up from 14% on Thursday, according to the CME FedWatch Tool. Meanwhile, the likelihood of a 25 bps hike fell to 73% from 86%. The shifting expectations came as investors also sold off Treasurys on Friday, pushing the 10-year yield TMUBMUSD10Y,
Source: Marketwatch