While most traders and strategists are aware by now that the median 2024 dot will set the stage for market mood after today’s 2pm FOMC announcement…
… not many are aware of a unique technical quirk in the bond market that could add several layers of complexity to what happens after the FOMC hits save at 2pm.
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https://www.zerohedge.com/markets/brace-impact-ctas-are-extremely-short-going-fomc-decision