[Strategist: The Federal Reserve Will Ultimately Inject Liquidity Before the December Meeting Under Persistent Pressure] BlockBeats News, October 31: The lack of direct response to recent market pressures has triggered active trading in SOFR futures-Federal Funds Rate basis, while other rates in the repo market remain elevated. Wall Street strategists warn that as reserves decline and more Treasury notes are issued to inject collateral into the market, funding pressures will persist through November. Mark Cabana, Head of U.S. Rates Strategy at Bank of America, stated that persistent pressure will ultimately force the Federal Reserve to inject liquidity before the December meeting. 'The Federal Reserve's decision to remain inactive on liquidity injection operations may stem from its belief that the current funding pressures are temporary,' Cabana wrote in a client report. 'However, we believe this is unlikely. As quantitative tightening continues, funding pressures are likely to persist and intensify.' (Jin10)