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ED Yields Surge As Fed Swaps Price Terminal Above 4.6%

STIR FUTURES

ED Yields Surge

  • Median dots of 4.6% for 2023 and 3.9% for 2024 see ED yields surge, with EDZ2 up circa 15bps and largest moves through EDU3-H4 currently circa +18-19bps on the day.
  • Separately, FED SWAPS INDICATE TERMINAL RATE OF MORE THAN 4.6% THIS CYCLE - bbg

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