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BAX Holding On To Sizeable Rate Increases In 2022

CANADA
  • Whilst off early session lows, BAX futures remain up as much as 7 ticks in the whites an 8.5 ticks in the reds,
  • This differs with Eurodollars where the increase has been a larger increase through the whites but smaller thereafter.
  • The BAX rate path continues to price in sizeable increases, with still more than 6 hikes through 2022.


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