Treasury yields hit year highs on creeping doubts about Fed easing
Another day, more doubts about the Fed’s path for rate cuts. NAB’s Ray Attrill talks us through it.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Tuesday 9th April 2024
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10 year Treasury yields hit a year to date high overnight as markets continue to push back expectations for the number and timing of FOMC cuts this year. NAB’s Ray Attrill says the Fed’s Goolsbee described the US economy as being in a normal boom-time – not the environment for cuts. But there are signs that other parts of the world might be recovering a little faster. Een Europe is showing signs of a recovery. At home yesterday’s housing finance was stronger than expected, another factor that could delay the RBA. Today the NFIB small business survey is out, but ray says the key small business number is already out. Listen in for more.
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