traders of fedfunds futures see a 91 likelihood that the federal reserve delivers a 75 basis point rate hike in june up from 19 a month ago based on the cme fedwatch tool they are factoring in the prospect of a jumbosized move on top of an almost 100 chance of a 50 basis point increase by the fed on wednesday a halfpoint move this week plus even larger hike in june would take the fed funds rate up to 15 to 175 from its current level of 025 to 05 also on monday the 10year treasury rate inched tmubmusd10y toward 3 while the 7 tmubmusd07y  20 tmubmusd20y and 30year treasury yields tmubmusd30y all breached that mark