Excerpt from: Spot Forex
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| July 02, 2008 | | Spread betting and contracts for differences on the US bond market | Spread bets and CFDs on US Treasuries should consider that they are advancing right now on the US bond market. Thanks to jobs data that is weaker than expected, the indications point toward a boost for US government debt.
As a result of this economic data, futures in interest rates are showing a slightly decreased chance that the Fed will raise rates by the end of 2008, reports Bloomberg:
Futures contracts on the Chicago Board of Trade show
traders see an 86 percent likelihood the Federal Reserve will
raise the benchmark rate at least a quarter-percentage point by
year-end. A week ago the chance was 89 percent. | Topic Tags: CFDs, contracts for differences, interest rates, spread bets, spread bets US Treasuries, spread betting, spread betting bond market, US bond market, US Treasuries | |
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