Bond Traders Target Dovish Fed Pick as Rick Rieder Favored

Bloomberg, CME Bond futures traders are ramping up bets on a dovish policy shift at the Federal Reserve as BlackRock Inc.’s chief investment officer Rick Rieder is gaining momentum to succeed Jerome Powell. In recent days, a wave of flows in the interest rate futures market linked to the Secured Overnight Financing Rate and the fed funds rate, the Fed’s policy benchmark, has been gathering pace just as Rieder’s odds to be the next Fed chair climbed to the top spot in betting markets. Most Read from Blo ...