US dollar and bond yields continue to rise, till when?
Bond yields continue to rise globally, with NAB’s Skye Masters saying the Fed and other central banks are working hard to convince markets that interest rates will stay higher for longer.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Wednesday 28th September 2022
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A rising US dollar, yields pushing higher, equities being sold off, central bankers talking up rates – that’s been business as usual lately. NAB’s Skye Masters says resilience in economic data, particularly for the US, isn’t making the job any easier for central banks, who expect rates to be higher for longer than markets envisage. In the UK the terminal rate for the Bank of England has risen markedly, of course, with Huw Pill, the chief economist, warning that the response to the government’s budget will require a significant monetary policy response, but not till November. Presumably that means they continue with their quantitative tightening.
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