December 5, 2016 / 3:37 PM / a year ago

U.S. rates futures hit session lows after data

NEW YORK (Reuters) - U.S. short-term interest rates futures fell to session lows on Monday as domestic services activity and labor market conditions data for November signaled a strengthening U.S. economy in late 2007, stoking bets for further rate increases by the Federal Reserve.

One hundred dollar notes are seen in this photo illustration at a bank in Seoul January 9, 2013. REUTERS/Lee Jae-Won

Federal funds futures for 2017 and 2018 were down 1.5 basis points to 4.5 basis points from late on Friday.

Reporting by Richard Leong

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