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MNI ASIA MARKETS ANALYSIS: Projected Rate Cut Pricing Extends

HIGHLIGHTS
Treasuries look to finish mostly weaker Monday, curves twisting steeper as short end rates outperformed.
As a result, projected rate cut pricing through year end remains firm near 2.5x .25bp cuts by December.
Fed Chairman Powell interview: June inflation data lends Fed confidence on future rate cuts.

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HIGHLIGHTS
Treasuries look to finish mostly weaker Monday, curves twisting steeper as short end rates outperformed.
As a result, projected rate cut pricing through year end remains firm near 2.5x .25bp cuts by December.
Fed Chairman Powell interview: June inflation data lends Fed confidence on future rate cuts.

Keep reading...Show less