In the Chart of the Day from Hedgeye CEO Keith McCullough's Early Look we show the bond market has it right (again) on the Short-End of The Curve as it's only pricing in the SEP Fed Rate Cut and not much beyond that.
Btw, in case you didn’t read it the way the UK Bond Market did this morning, that was “priced” the same way, taking 1 BOE Rate Cut “out” of the market’s price (meaning the BOE could/should be 1 and done on cuts too).
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