📰 🔸BOND TRADERS BRACE FOR FED TOSSUP As the Fed’s rate decision nears, the outcome is looking more uncertain. Recent hours have seen traders more closely split bets between a half-point cut — now weighted at a roughly 55% probability — and a quarter-point reduction with 45% likelihood, per CME Group. Earlier Wednesday the half-point cut was handicapped as a 2:1 favorite, but the more conservative quarter-point choice has gained weighting amid strong economic data. Yields are rising as the bigger cut gets discounted. The two-year Treasury trades at 3.657%, versus 3.59% at Tuesday’s settle.