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STIR: OI Suggests Long Cover Dominated In SOFR Wednesday, Fewer Fed Cuts Priced

STIR

OI suggests long cover dominated across the SOFR strip during Wednesday’s sell off as the recent unwind of Fed rate cut premium extended further.

  • Only isolated, modest pockets of net short setting were seen.
  • Exact Fed pricing levels to be provided in upcoming STIR bullet.

 

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OI suggests long cover dominated across the SOFR strip during Wednesday’s sell off as the recent unwind of Fed rate cut premium extended further.

  • Only isolated, modest pockets of net short setting were seen.
  • Exact Fed pricing levels to be provided in upcoming STIR bullet.

 

Keep reading...Show less