Sitting at the Intersection of Soft Funding January 10, 2026 12:58 AM GMT US Rates Strategy | North America Funding markets sit at the intersection of more than ample cash in the system and smaller collateral in need of financing, pointing to further repo normalization. With this carrying potential for lower EFFR prints, we think FFF6 longs offer compelling value after the market impact of a large futures block. Key Takeaways Please add me to your distribution list. M Idea Morgan Stanley & Co. LLC Martin W ...