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$-Bloc June’24 Easing Expectations Little Changed After Weak Global PMIs

STIR

Expectations regarding easing by June 2024 in the $-Bloc are little changed from earlier in the week, despite the latest round of US, European and Australian PMI data pointing to a greater-than-expected slowdown in economic activity.


Figure 1: $-Bloc STIR: Terminal Rate Expectations & June’24 Pricing



Source: MNI – Market News / Bloomberg

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