as the Fed Funds market remains "undead", large demand for repos pushes SOFR higher. meanwhile, the cutting cycle begins, with "too many" cuts priced in. we think two more by 2025
Man, thanks for this, Conks. These summaries of yours cut through all the bunched up Wall Street FOMC panties like a katana:
https://m.youtube.com/watch?v=VE_4zHNcieM&pp=ygUPTWFraW5nIGEga2F0YW5h
🥷
Was there a spike in sofr in repo market recently? What is driving this sofr-ff gap?
indeed, too many factors to explain in a single comment and possibly for a future piece
Repocalypse Redux incoming...?
"...pushes SOFR higher."
Oh, I thought they cut by 50bps. But wait, they did cut by 50bps! What the...?!?!
Before the next print. 😂
🤦♂️🧐🤦♂️😡
Man, thanks for this, Conks. These summaries of yours cut through all the bunched up Wall Street FOMC panties like a katana:
https://m.youtube.com/watch?v=VE_4zHNcieM&pp=ygUPTWFraW5nIGEga2F0YW5h
🥷
Was there a spike in sofr in repo market recently? What is driving this sofr-ff gap?
indeed, too many factors to explain in a single comment and possibly for a future piece
Repocalypse Redux incoming...?
"...pushes SOFR higher."
Oh, I thought they cut by 50bps. But wait, they did cut by 50bps! What the...?!?!
Before the next print. 😂
🤦♂️🧐🤦♂️😡