US stock market open 6 October 2016
S&P -5pts to 2154
Dow -80pts to 18200
Nasdaq -19pts to 5296
US 10 year yields 1.73.% -3bp
There's a bit going on in the market at the moment. Expectations for a Dec hike are starting to feature and that's circling around tomorrow's NFP's, and that seeing some traders squaring off USD positions, and round and round we go.
Looking at the FFR probabilities, Dec stands at 63.1% vs 52.7% a week ago. In contrast, Nov is currently 25.7% vs 17.1% this time last week.
