Markets
May 22, 2026
The Fed blinked. The curve didn't.
What the Fed did. What the curve was actually pricing. And the block trade nobody saw print at 15:58.
TheStreetBrief · #247
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What the Fed did. What the curve was actually pricing. And the block trade nobody saw print at 15:58.
$32B sell-side, advised by a boutique. Nobody at the bulge brackets had it on the calendar.
One revision moved half the September dot. What the desks bought into the close, and what's getting unwound by Friday.
Where we left off Friday.
The tape as the week closes. Subscribe for the read on what it means for next week, the moves nobody is calling, and the levels the desks will defend.
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