Equities rise, bond yields falling. Bessent calls for bigger rate cut.
Thursday 14th August July 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABEquities are rising, and not just in the US. In fact, the MSCI World Equities Index hit a record high overnight. But bonds are the story today, says NAB’ s Gavin Friend, with 10year Treasury yields down 5 basis points. Markets have got a cut from the Fed fully priced in for September, but Scott Bessent said in an interview he’d like to see a 50bp cut at the next meeting. His boss, meanwhile, spoke out for 300bp of cuts or more.Phil and Gavin also talk about yesterday’s…
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