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SOFR and Treasury options trade mixed on lighter volume overnight, option accts plying the sidelines ahead of Tuesday morning's CPI data for October. Underlying futures mildly weaker, curves flatter. Projected rate cut chance into early 2024 ebbs: December at 3.6bp at 5.363%, January 2024 cumulative 7.6bp at 5.403%, while March 2024 pricing in -16.5% chance of a rate cut with cumulative at 3.5bp at 5.361%, May 2024 cumulative -5.2bp at 5.275%. Fed terminal at 5.400% in Feb'24.