The recent rise in treasury yields provides the rare sight of a projected hike in the Federal...

|By:, SA News Editor

The recent rise in treasury yields provides the rare sight of a projected hike in the Federal Funds rate. The Jan 2012 contract prices in a Fed Funds rate of 0.50%, 32 basis points higher than today's effective funds rate of 0.18%. As recently as the start of November, no hike had been expected deep into 2012.