Huge Dovish Bet Loses $50 Million In One Day Late on Tuesday, the financial world was swept up by a report from Bloomberg according to which an unknown trader had put on single record-sized trade, betting that today's CPI print would come in dovish, and forcing the Fed to cut sooner. It did not work out quite as expected. For those who missed it, a significant block trade in US short-term interest-rate futures, specifically in December 2024 SOFR futures, took place during market... Read this story
