- 25bp cut, as expected
- Dot plot comparison attached. Median at 3.625 (2 more 2025 cuts)
Bonds are rallying as expected in the "2 more cuts" scenario.
10yr down 1.9bps at 4.01 and MBS up an eighth.
Bonds are rallying as expected in the "2 more cuts" scenario.
10yr down 1.9bps at 4.01 and MBS up an eighth.