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Traders Pile Into Contrarian Bet That Fed Will Front-Run Cuts
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Traders Pile Into Contrarian Bet That Fed Will Front-Run Cuts
(Bloomberg) -- Traders in the interest-rate futures market are piling into a contrarian bet that would pay off in the event of aggressive Federal Reserve monetary easing this year.The wager is happening in futures on the Secured Overnight Financing Rate — which closely tracks the central bank’s key policy rate — and it involves buying the December 2024 contract while selling the contract due in December 2025.Scenarios in which the trade stands t…
·New York, United States
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Total News Sources1
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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