Why a Fed Hike Seen as Certain as Death Itself

Bloomberg Video

Nov.22 -- A Federal Reserve interest-rate increase next month is ascertain as death and taxes for bond traders, as speculation mounts that Donald Trump’s reflationary policies will mean a quicker pace of monetary tightening. The market-implied odds of action at the central bank’s Dec. 13-14 meeting reached 100 percent for the first time, according to Bloomberg calculations based on futures. An auction of two-year Treasuries Monday drew the highest yield since 2009 before a sale of five-year debt Tuesday. A bond market gauge of inflation expectations was headed for its highest close since October 2014. Societe Generale Global Head of Rates & FX Strategy Vincent Chaigneau discusses with Anna Edwards and Yousef Gamal El-Din on "Bloomberg Daybreak: Europe."