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Wednesday, May 29, 2024

Yield differentials sway back to the Buck

Next 24 hours: A reluctant repricing of US rates

Today’s report: Yield differentials sway back to the Buck

FOMC rate cut pricing has come down 3 basis points to an expectation of just 31 basis points of rate cuts from the Fed in 2024. The adjustment has been brought on by a stronger than expected US consumer confidence reading which has forced the market to drive yield differentials back in the Buck’s favor.   read report

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Wake-up call

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