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Global yields continue to push higher

There was some hope that yields would stop rising after the Gaza terrorist attacks but that's looking less and less like the case, in large part because the US economy continues to hum.The market is pricing in a higher-for-longer scenario with just 58 bps in cuts for next year now priced in, well-below the 70 bps in cuts priced in last week.In turn, US 10-year yields are up 14 bps to 4.85%, now just 3 bps from last week's high. And if that gives way, we will certainly be talking about 5%.It's no... Read More

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Posted: Oct 17 2023, 13:53

Author Name: forexlive

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