Post-FOMC weakness should provide an excellent buying opportunity as Treasury yields near a peak

Note: I'm out of the office attending the Future Proof conference, so I'll be publishing fewer notes and videos than usual this week. Thank you for your understanding.

The FOMC's 25 bp hike of the Fed funds rate today was largely anticipated by the market, with the swaps market having priced in a 95% probability for today, and the FOMC median forecast still shows one more hike priced in for 2026. Given that 16 voting members called for one more hike this year, I think it's reasonable to sugg...

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