TREASURY INVESTORS RAMP UP BULLISH POSITIONS BEFORE CPI DATA
https://s.yimg.com/ny/api/res/1.2/ggYVWQpyXbrvV48Ckfi38g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MTM-/https://media.zenfs.com/en/bloomberg_holding_pen_162/98d38e7b57d41b8714296d3bf2edaa2f
✍️ Investors are betting on a rate cut by the Federal Reserve ahead of this week's inflation report, with a recent run of softer-than-expected data opening the door for further easing of monetary policy.
👉 US Treasuries are rallying ahead of this week's inflation report 👉 Open interest in fed funds futures has increased by 70,000 contracts 👉 Market participants are looking for a more aggressive rate cut 👉 Economists are forecasting a quarter-point rate cut at each of the remaining three meetings this year
-- #BillAdams #StevenEnglander #JeffGiven #business
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