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BNP Paribas in position squaring 10-year Treasury short after Fed rate cut

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2025-12-11 09:15:23
In a note to its analysts, BNP said it had taken a profit on a trade to short 10-year Treasuries after the Federal Reserve cut interest rates as scheduled. The bank took a position at 4.09 per cent and squaring a position at 4.15 per cent. Analysts said the Fed's unbalanced policy response mechanism would weigh on the interest rate market ahead of the next non-farm payrolls data. Despite the split in the Fed's decision, policymakers are highlighting weakness in the US labour market.
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