Warren Pies(@WarrenPies):Since the Iran war began, there has been a 100 bp swing in Dec 27 SOFR implied rates - from 75 bps of cuts to 25 bps of hikes. My guess is that we will see at least half of this unwind. For 2 yrs, it has been a good bet to fade the rate hike calls. This regime is still intact.

Warren Pies

@WarrenPies

Founder @3F_Research | PM $RAA | $FCTE | Formerly with Ned Davis Research | Recovering Attorney (step 4) - Not investment advice

Joined February 2014

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Warren Pies@WarrenPies

2026.06.15 13:34

Since the Iran war began, there has been a 100 bp swing in Dec 27 SOFR implied rates - from 75 bps of cuts to 25 bps of hikes. My guess is that we will see at least half of this unwind. For 2 yrs, it has been a good bet to fade the rate hike calls. This regime is still intact.