U.S. interest rates futures fell on Monday as Sunday’s French presidential election reinforced the view centrist Emmanuel Macron would beat anti-EU candidate Marine Le Pen in a runoff on May 7, soothing fears about political upheaval in Europe.
Federal funds futures implied traders saw about a 50 percent chance the U.S. central banks would raise interest rates two more times by the end of 2017, compared with 40 percent at Friday’s close, CME Group’s FedWatch program showed.
CME Group
Reuters
This post first appeared on MarketPulse - MarketPulse - MarketPulse Is The Mar, please read the originial post: here