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So Long September: Bond Traders Defer Their Date With the Fed

From bloomberg.com

So much for September. Traders gearing up for the Federal Reserve to raise interest-rates next month reversed course Wednesday after minutes from the central bank’s July meeting showed policy makers were still waffling on whether the economy is strong enough to warrant higher borrowing costs. That's far short of the confidence they expected to see from a central bank supposedly just weeks away from what would be the first increase in almost a decade. The probability that futures traders assign to a rate boost next month slid to 36 percent, the lowest since July, from about 50 percent earlier in the day. The levels ... (full story)

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