Lower rates?

According to Bloomberg 45% chance of a June rate Cut ,basically unchanged from 1 week ago. take a look at what markets are pricing for Fed funds rate over next 3 years, white line was January 1 pricing the green line is today, Look at trend, not so much nominal level,market pricing in lower Fed funds rates then they were 6 weeks ago.Markets trading and pricing accordingly

A few notes:

Spoos struggling to take out yesterdays pit highs 3382

30 year auction sold at lowest rate ever 2.06%,still though auction results were solid

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