Danske Bank Still Expects Two Fed Rate Hikes in December and March

According to Jin10, Danske Bank analysts said U.S. Treasury yields rose after higher oil prices and stronger-than-expected employment data increased the odds of a rate hike next week. They said current pricing, with the probability of a hike and a hold nearly even, was reasonable, and still expect the Federal Reserve to raise rates in December and March. The dollar also weakened against a basket of currencies as the yen strengthened further.