US Yields Soar as Traders See Fed Delaying First Cut to December
Treasuries slumped and traders further trimmed their outlook for the pace of Federal Reserve interest-rate cuts, deterred by signs of sticky price pressures. The selloff in US government bonds on Thursday pushed yields across the curve to the highest levels…
Australian Inflation Boosts Case for Higher-for-Longer Rates
Australia’s inflation came in faster than expected in the first three months of 2024, suggesting price pressures are proving stickier and bolstering the case for the central bank to hold interest rates at a 12-year high. Yields on the policy-sensitive…
Bond Demand Evaporates in Taiwan as Inflation Risks Mount
(Bloomberg) — Taiwan’s government bonds are falling out of favor as traders fear stubborn inflation amid a solid economic outlook may pressure policymakers to hike interest rates again. Most Read from Bloomberg Bearish sentiment peaked Monday as five-year government bonds…
Fed Hiking Rates to 6.5% Is ‘Real Risk’ for UBS Strategists
The combination of strong US growth and sticky inflation is raising the odds the Federal Reserve hikes rather than cuts interest rates, bringing borrowing costs to as high as 6.5% next year, according to UBS Group AG strategists. While the…