US Dollar (USD)
The strong bear steepening threw markets for a loop and sources wonder, what if any follow through, may come as the 10y rests at the 100-day MAVG.
BEs adopted a newfound attitude after the Fed ruined the day yesterday, lending solid support to today’s $14bn 10y TIPS reopening.
Gamma was strongly bid with the jump in realized volatility amid today's strong bear steepening rate move. However, some offers have come in since.
Gains for the long end of the euro inflation curve following a 30y lift took forwards above 2%. Ahead, dealers are mostly positive about the BTPei.
USTs are bear steepening in the wake of yesterday’s FOMC meeting ahead of today’s $14bn 10y TIPS re-opening. BofA’s FOMC view.
The deadline for making non-linear products 'SOFR First' is imminent but are dealers - as well as brokers and end-users - ready for the switch?
The BOE and the Norges Bank added their cries to the hawks' chorus today. Banks give their reaction to the FOMC. Swap spreads are widerning
The Fed/Powell’s more decisive taper talk at today’s FOMC decision scared BEs lower amid better RY selling. 10y TIPS auction now eyed.
Powell gives an end date for tapering to mid next year. Sources wonder if the curve move has legs, considering the distance already covered.
The left side has popped higher while the right side was dipping in even prior to the FOMC. Post FOMC sources see some selling into the left side pop.