Investing.com – The likelihood of a Fed December hike increased Monday as the sell-off in Treasuries continued.
Investing.com’s Fed Rate Monitor Tool currently shows the odds of a December hike at 85.8%.
The figure is up from 81.1% on Friday and just over 70% prior to November 8 election.
Investors are betting Trump’s pledge to increase spending on infrastructure will fuel inflation.
The 30-year Treasury yield hit 3% for first time since January. The 10-year was up 11 basis points near 2.3%.
The dollar index touched the 100 mark for first time in about a year.