September 30, 2024 18:24 GMT
STIR FUTURES: Short End Under Heavy Pressure, Powell Continues
STIR FUTURES
SOFR White pack (SFRZ4-SFRU5) currently -0.09-0.140, while projected rate cuts into early 2025 receding vs. early morning levels (*): Nov'24 cumulative -34.1bp (-35.1bp), Dec'24 -68.9bp (-71.4bp), Jan'25 -100.6bp (-103.4bp).
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