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BLOCK, Red Sep'23 SOFR Sale

STIR

Short end reversing earlier gains as 75bp rate hike chances back to around 50% post Powell/ECB comments. Not seeing much react in options yet, however

  • -10,000 SFRU3 96.41, sell through 96.425 post-time bid at 1020:45ET, 96.405 last -0.070.

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