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BLOCK: Mar'24 SOFR Call Condors, Rate Cut Hedge?

STIR
  • +10,000 SFRH4 94.75/94.87/95.00/95.12 call condors, 1.0 net vs. 94.65/0.05% from 1053-1054ET.
  • Ostensibly a rate cut hedge for March 2024 despite the "higher for longer" rhetoric since the Wed's hawkish hold FOMC annc.

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