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US Rates: US rates market 2H25 outlook

At Any Rate

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Navigating the U.S. Rates Landscape

This chapter explores the dynamics of the U.S. rates market, focusing on yield differences and expectations for Fed easing amidst a softening labor market. It analyzes Treasury supply forecasts, foreign investment trends, and implications for swap spreads, all set against a backdrop of current economic reforms. The discussion also emphasizes the effects of the debt ceiling on liquidity and funding conditions in the forthcoming months.

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