Trade: FED FUNDS

Ok while the election noise continues we are going to start to establish some asymmetrical trades across global rates

TRADE: Short FED FUND JAN25 (F25)

WHY: This trade has around 6 points of downside on the assumption the FED cuts 25 in Nov and 25 in Dec. I firmly believe that DEC is 50/50 at best. A RED president with continued strength across all corners of the economy might add caution to the FOMC going forward.

See below for Stop/Target