NBSYep, perhaps the most boring FOMC day of the past 3 years. FOMC press conference was a dud, statement had about 3 words altered which meant nearly nothing.
Here's the updated today/yesterday SOFR curve and my dashboard.
No real major moves. SOFR still pricing in one more 25bps hike in Sep. Large move in the front Jun Sep, Red/Green outrights saw the largest moves day-over-day. This is mostly pricing in the dovish Fed speak from J Powell today.
Nothing crazy
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