The divided story of rate expectations
Tuesday 29th March 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9There’s continued volatility in US bond markets, with significant flattening of the yield curves. Is this flagging a future recession? NAB’s Rodrigo Catril says the direction of travel is looking that way, although it’s too early to tell. But the rise in 2-year yields shows that markets are expecting a more aggressive stance by the Fed, whereas in the UK yields are falling after the Bank of England’s Andrew Bailey indicated a less aggressive stance on rates given the…
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