BNP Paribas: Expects the Fed to Raise Rates Three Times Starting in December

Odaily News BNP Paribas expects US Treasury yields to continue rising, as the market is pricing in expectations of future Fed rate hikes. The bank forecasts the Fed will raise rates three times starting in December and believes that after last week's decision to hold rates steady (despite three dissenting votes favoring a hike), investors will continue to question the Fed's credibility. (Jin10)