E-mini Russell 2000 futures slide as September rate-hike odds climb
E-mini Russell 2000 futures fell for a second consecutive session. CME FedWatch Tool indicates a 62.4% probability of a 25 bps September rate hike, while Treasury tripled debt buyback operations to $6 billion as long-end yields stayed elevated.
E-mini Russell 2000 futures fell for a second straight session as odds of a September rate hike rose. 4%, a development seen as a drag on small-cap stocks with floating-rate debt. The Treasury also lifted its debt buyback operations to $6 billion, tripling the scale of the program while long-end yields stayed elevated and added pressure to equities.