The Start Of A “New” Cycle By Peter Tchir of Academy Securities The Fed finally cut rates on Wednesday and 2-year yields finished the week higher, 10s didn’t have the decency to rally on Fed day, and according to the Bloomberg WIRP function, the market is pricing in 2.92% by the end of the September 2025 meeting, instead of the 2.84% it had on Monday. So, while the cycle is “new” in terms of actually cutting, with a “surprise” 50 bps, it is difficult to argue that the bond market hasn’t already been pricing this in, perhaps too aggressively! Stocks… — Continue at ZeroHedge News : Read More
