top of page

⚖️🔻Tsy Steepener Pulls Back, 2 Sigma Session On Non Farm Payrolls: Cable FX Macro

  • The strong jobs report led to a repricing of Fed expectations, almost one rate cut has been taken off the table. Swaps now price in 25bps rate cut meetings for November and December, and the 135bps of rate cuts seen by May 2025 has been pared to just 100bps

  • Positions on trade steepners suffer as the developments have translated into an aggressive flattening of the curve, the move of 8.2bps is the largest since January. Looking at a 1y history, today's 2s10s flattening records a 2 sigma move



 
 
 

Recent Posts

See All

Comentarios


© 2024

CableFXWHITEdropshadow.png
  • Twitter - White Circle

Investing and trading involve risk. This includes the possible loss of principal and fluctuations in value. There is no assurance that objectives will be met. Do not risk capital that you cannot afford to lose.  

bottom of page