Fed to Deliver a Telegraphed, But Still Hawkish Skip

Markets The recent build-up toward a hawkish Fed skip at today’s meeting resulted in an interesting technical positioning. US yields added another 6.2 (5-y) to 3.6 bps (2-y). This bring yields across the curve with striking distance of cycle peak levels. The 5-y and 10-y yield at 4.52% & 4.36% even temporarily hit a new […]

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