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June FOMC Pricing Fades Equity Bounce On McCarthy Debt Comments

STIR
  • Equities may have bounced strongly but June FOMC pricing is unchanged with McCarthy headlines on seeing the debt limit deal being on the house floor next week.
  • FOMC-dated OIS is holding at an implied 5.16% for an 8bp hike, still +2.5bps since Logan’s hawkish remarks earlier but off initial highs of 5.17/5.175% with more balanced Jefferson commentary helping trim it.

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