Citi Traders Bet Fed to Hold Rates Steady This Week Despite One-Third Probability of 25bp Hike

According to Citi traders, the Federal Reserve is expected to hold interest rates steady this week, despite swap markets pricing in over one-third probability of a 25 basis point hike. Citi's global head of short-term rates trading, Akshay Singal, said the bank is positioned with high conviction to profit should the central bank remain on hold.
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