That’s the theory
Dem sweep
= stimulus
= inflation
= rising yield curve
= demand to hedge rising rates
= more need for interest rate futures
= $CME 
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The Fed has kept short rates low and seems committed to that for a long time + they are still doing open market treasury buying to keep long rates low. Why does this change in order to bullish on CME?
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You're right that the Fed is & will still be active on the short end of the curve, which doesn't get CME completely out of the woods yet (why they're not $200+) but it does give the market hope that a hawkish stance may come sooner than later
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@jgreco do you think the dem sweep overwhelms all the fed action? You know this space well...
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Agree
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