Markets Price 70% Odds of September Fed Hike as 30-Year Yield Rises

Hyperdash NewsMacro

Markets are now pricing a 70% probability that the Federal Reserve will implement a rate hike in September. This increased likelihood follows a rise in the US 30-year Treasury yield, which has climbed above 5.28%.

The upward movement in the 30-year Treasury yield is exerting additional pressure on non-yielding assets like gold. Higher bond yields typically make non-interest-bearing investments less attractive. Since the news,

Gold has moved -0.01% on Hyperdash.

SourcesFirst Squawk

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