We’ve been here before. In the spring of 2023, the bond market rallied sharply, effectively forecasting a rate cut by the Federal Reserve. But the punt turned to tears as the Federal Reserve continued raising interest rates, causing bond prices to sink and yields to spike.
Daily Archives: February 6, 2024
Macro Briefing: 6 February 2024
* Fed can delay rate cuts due to strong economy: Minneapolis Fed President
* Global growth edges up to 7-month high in January via PMI survey data
* Are China’s efforts to curb stock market rout too little too late?
* US Treasury officials head to China to discuss policy
* US bond yield looks unattractive relative to stock market’s earning yield
* ISM Services Index rebounds more than expected in January:
