Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
Summary: Today we look at the latest acceleration higher in US treasury yields, with significant portions of the US yield curve now inverted, which often precedes an eventual recession, if with a highly variable lag. Also, as yields rise, the yen weakens due to the Bank of Japan's policy of capping bond yields, with the BoJ out overnight intervening to keep yields from rising, helping to trigger another leg lower in the nose-diving Japanese yen. We also look at commodity volatility, key equity stories and the week ahead in earnings and more. Today's pod features 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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