Rates Need To Drop Below 3.5% To Avoid A Recession: Are There Any Convexity Hedges Left

By Borislav Vladimirov, Goldman Sachs trader and portfolio manager

A US recession is a key regime differentiating point with meaningful impact on US and global financial assets and tactical asset allocation. What is priced in?

1y ahead SOFR: 39.4%

Authored by Tyler Durden via ZeroHedge September 16th 2024