Skip links

Insights

Every day we work to continue to earn your trust and confidence.

Our daily discipline includes researching and writing a top-down look at the markets, called Morning Notes.

You’ll be able to read part of the most recent edition here, daily. Join our subscribers to get the full edition delivered to you directly.

Morning Notes — Terminal Rate

Morning Notes — Terminal Rate

Terminal rate expectations are down -12.1bp this morning to 4.41% and are still the dominant cross market for equities.  Terminal rate expectations are derived from the Overnight Index Swap (OIS) forward market and levels below 4.50% should provide broad support for equities.