Traders at Citi are betting that the Fed will keep interest rates on hold this week, even though swaps markets see a more than one-in-three chance of a 25 basis point hike
Traders at Citi are betting that the Fed will keep interest rates on hold this week, even though swaps markets see a more than one-in-three chance of a 25 basis point hike. Akshay Singal, Citigroup's global head of short-term interest rate trading, said the bank is accepting contracts for the July Fed rate meeting based on "high confidence" - the corresponding trading positions will make profits if the central bank remains on hold.