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Pricing In 225bp Of Further 2022 Fed Hikes

STIR

OIS is pricing in a year-end rate of 2.58% this morning, a fresh cycle high. That's 225bp of implied Fed tightening from here until the end of 2022, over the course of 6 meetings.

  • Basically, the rates curve is pricing in 50bp hikes at each of the next 3 meetings and 25bp at the following 3.

Source: BBG, MNI

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