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We know how central bankers are just itching to raise policy rates and all over the world, led primarily by those in Europe. The hawkishness is already spreading. Just today, an official from South Korea’s central bank said, hey, oil prices up we need to think about some hikes, too. But what are the markets pricing? It’s not what you’d think. What do the curves look like for now but also beyond the near-term? In a word, frown.

Eurodollar University's Money & Macro Analysis

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