Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
Summary: Today we look at yesterday's March US CPI release, which came in hotter than expected and very hot by historical standards, and yet how the US Treasury market actually rallied on the day, suggesting that the market wants to look through inflation fears for now. This gave speculative stocks a strong boost, even as the broader market was somewhat weak. Elsewhere, we delve into ripping lumber prices, gold celebrating the treasury rally, whether the US dollar is rolling over and the very unusual and riveting Coinbase IPO. On today's call were Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.
Listen to today’s podcast and have a look at today’s slide deck.
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