- Due to the Veterans’ Day bank holiday, expect low volatility and volumes as US bond markets remain closed on Monday.
- All equities are off to a good start this week. European equities are surging over 1%, while US equity futures are in positive territory ahead of the opening bell.
- The CME FedWatch Tool is pricing in another 25 basis points (bps) rate cut by the Fed at the December 18 meeting by 68.5%. A smaller 31.5% chance is for rates to remain unchanged.
- The US 10-year benchmark rate trades at 4.30%, and the bond market remains closed on Monday.
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