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SFRZ4 Given

STIR

Further selling in the front end of the SOFR strip. SFRZ4 sees 10K given at 95.305, goes offered on the follow and triggers spread activity.

  • The contract hit the highest level since April following yesterday’s CPI data.
  • Fed funds futures last show 25bp of cuts through September and 61bp of easing through the Dec FOMC.

Fig. 1: SFRZ4 Futures

Source: MNI - Market News/Bloomberg

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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