Big hikes, more inflation, but bonds settle down
Thursday 14th April 2022Despite 50 basis point hikes by the Bank of Canada and the RBNZ over the last 24 hours, bond yields haven’t moved a great deal. NAB’s Gavin Friend says the market has taken a bit of a breather, which has offered a reprieve for stocks, with the NASDAQ climbing 2 percent at close. The path is certain for Canada and New Zealand, but it’s a less clear direction for the ECB, which meets tonight, with no moves expected as Europe struggles with rising energy prices and the impact of Russian sanctions. Similarly, the UK has just reported the highest CPI read in 30 years and it…
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