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Nick Timiraos is tweeting that Goldman has now pushed the primary minimize to June from Could becoming a member of others. Fed officers have been pushing “later vs sooner”. The analysts are actually seeing it extra and the market has additionally pushed up yields have pushed yields greater as properly.
Though the US 10-year continues to be properly off the 2023 excessive at 5.02%, it’s close to the excessive from October 2022 at 4.33%.
PS Goldman now sees 4 cuts in 2024 down from 5 cuts.
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