Markets price more Fed and ECB rate hikes and fewer rate cuts on the other side of peak policy rate, prompting risk-off in rate space. Risk of higher outright rates and curve flattening ahead. Front-end payers and inflation forwards have performed. Fed pricing has changed markedly since the start of February with the highest point on the 1m SOFR curve up ...
Alert
Feb 16, 2023, 11:41pm
Fundamental: EUR rates: pricing out cuts
Markets price more Fed and ECB rate hikes and fewer rate cuts on the other side of peak policy rate, prompting risk-off in rate space. Risk of higher outright rates and curve flattening ahead. Front-end payers and inflation forwards have performed. Fed pricing has changed markedly since the start of February with the highest point on the 1m SOFR curve up ...
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