Massive swings as US inflation stays high and UK ready for U-turn
Friday 14th October 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIt’s been a stormy night, with violent swings in bond yields and US equities. As NAB’s Skye Masters explains, shares plummeting as the higher than expected CPI read but then staged a massive rebound later I the session, fishing markedly higher towards the close. Bond markets responded more predictably, pricing in a more aggressive path of rate hikes from the Fed – maybe 150bp before Christmas. Meanwhile, massive swings on UK bonds with reports that the Truss government might be…
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