Trade pitch Bank S&T first round, rates, USD SOFR swaps (illustrative levels)
SOFR is 4.30 percent and the 5-year SOFR swap is 3.60 percent. The market is pricing 150 basis points of cuts over two years. You think the economy is stronger than that and expect half as many. You have a $45,000 per basis point risk budget. Pitch the trade.
Written by Waddle Street. The company and every number are made up for practice.
Run it as a mock with an interviewer who follows up.