Core Viewpoint - Traders are significantly betting on a substantial interest rate cut by the Federal Reserve next month, exceeding 25 basis points, as demand for positions related to the Secured Overnight Financing Rate (SOFR) has surged since the beginning of the month [1] Group 1: Market Reactions - There has been a notable increase in open contracts betting on a 50 basis point rate cut, indicating strong market sentiment towards a more aggressive easing [1] - Following the release of inflation data that exceeded expectations, some traders adjusted their rate cut predictions, although the overall belief in a rate cut next month remains strong [1] Group 2: Treasury Market Dynamics - U.S. Treasury bonds ended a three-day sell-off, with yields across various maturities declining [1] - Ian Lingen, head of U.S. rate strategy at BMO Capital Markets, highlighted that the biggest risk for U.S. Treasuries is if Fed Chair Powell dampens expectations for a September rate cut in his upcoming speech [1]
杰克逊霍尔会议前夕 交易员押注美联储激进降息
Xin Hua Cai Jing·2025-08-19 23:15