can expect reit yields to trend up, prices to trend down.
Expectations for a June rate hike jumped as Federal Reserve meeting minutes released Wednesday showed that members would support it if economic data improved.
Ahead of the release, market expectations for a rate rise next month were 19 percent, while the markets were expecting the first rate hike of 2016 to take place in September, according to the CME Group's FedWatch tool.
After the statement, odds rose in all months tracked by CME:
June: 34 percent chance, up from 19 percent before the 2 p.m. EDT release
July: 51 percent chance, up from 38 percent
September: 63 percent, up from 57 percent
November: 65 percent, up from 60 percent
December: 77 percent, up from 74 percent
February 2017: 79 percent, up from 76 percent
The odds of rate hikes this year have risen broadly this week, as several Fed officials delivered hawkish remarks.
On Tuesday, three central bank officials indicated it may raise rates again soon.
http://www.cnbc.com/2016/05/18/rate-hike-o...ed-minutes.html