bearish
US Rates: July Morning turns into Cruel Summer
SUMMARY
- Weak employment data led to a shift in Fed forecast, with projected rate cuts in September and November
- Rates have backed off from lows, with markets pricing in a less dovish path
- Treasury market in transition, with dealer balance sheets at bloated levels and auctions showing poor results due to lack of demand from traditional investors.
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
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