PPLUS launched yesterday, and today's update reported the daily yield at 21.08% (11.84% 30D avg).
If you deposit your PPLUS on suilend or bluefin lend, you get a boosted yield of 25.06%.
pay close attention to PPLUS 👀
ppl really be spending thousands on ads, emails and inboxes, launch videos and so on
but wont spend a couple of hours each week to make sure that llm's recommend them when a potential user asks
its literally free traffic and free users but everyone ive talked to puts it off cuz its a black box and it feels not as pressing
this could be you 🫶 lock in
PPI pushed September rate hike odds up in the futures markets. The Fed Funds futures implied odds of a September hike increased to 68%.
Today's move is different in an important way. The longer end of the SOFR and Fed Fund futures curves moved notably as well. The SOFR curve has moved up between 10-11.5 bps through all 27 and 28 contracts. Basically, pricing in ~40% higher chance of an extra hike. This is a change from recent volatility that largely moved the timing of fed increases but had relatively small impact on the final level of the expected hiking cycle.
The SOFR move is reflected in the FF futures where the implied probability of one or two hikes by June 27 decreased and the probability of 3+ hikes increased notably (from 52% to 67%)
PPI could be the bigger mover than CPI next week purely because of the schedule. PPI lands Thursday, CPI Friday. If PPI comes in hot, market participants will not wait 24 hours for CPI confirmation. Hawkish Fed bets go on immediately.
PPI report shows inflation has been falling from the sky over the last few months.
Everyone predicting sky-high inflation was wrong and all the fear porn peddlers look ridiculous in hindsight.
Stop listening to these people.
PPI lands at 8:30 ET.
The mistake is preparing for only one answer.
A useful event plan asks:
• What is priced in?
• What would surprise?
• What reacts first?
• What makes you stand down?
Which branch do you usually forget?
ppl are cashing in their robinhood gold card 3% cashback rewards to buy cashcat on the robinhood cex what a time to be alive...robinhood rly understands the attention game and acts on it very impressive tbh