April 25, 2024 13:00 GMT
Hawkish Fed Repricing Extends
STIR
Post-data hawkish Fed repricing continues. ~23.5bp of cuts are now priced through Nov FOMC vs. 30.5bp pre-data, meaning that a full 25bp cut is no longer discounted over that horizon.
- End of ’24 pricing moves to a fresh extreme showing ~33bp of cuts vs. 41.5bp pre-data.
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