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BLOCK, More SOFR Red Packs

STIR

Total 11,000 SOFR Red Packs (SFRM4-SFRH5) blocked over the last hour from +0.000 to -0.055 on the latest cross of 3,000 at 1119:22ET, appears to be at least partially related to swap tied selling, positioning ahead Wed's March CPI data as a 25bp rate hike gradually returns.

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