Brace For Impact: Bond CTAs Are Extremely Short Going Into The FOMC Decision

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by Tyler Durden
Wednesday, Sep 20, 2023 - 04:25 PM

While most traders and strategists are aware by now that the median 2024 dot will set the stage for market mood after today's FOMC announcement...

... not many are aware of a unique technical quirk in the bond market that could add several layers of complexity to what happens after the Fed hits publish at 2pm.