November 15, 2022 20:12 GMT
Recovery In Fed Terminal Trimmed On Missile Headlines
- FOMC-dated OIS shows a 4.90% terminal rate for May’23, trimming 1-2bps from pre-Poland missile strike headlines.
- It limits the recovery off session lows nearer 4.85% that were seen after the US PPI miss built on the earlier FI rally, leaving pricing close to Thursday’s close after US CPI.
- Tomorrow: NY Fed’s Williams speaks at a US Tsy market conference whilst Gov. Waller could provide a renewed hawkish steer after weekend comments (both with text). VC Supervision Barr also speaks at the House.