Markets support the Fed’s balancing act
Wednesday 23rd March 2022Just three weeks into March and US two-year bond yields are up 74 basis points, says NAB’s Tapas Strickland, on today’s Morning Call. Will the Fed be happy to see the market responding in this way, particularly as there’s less growth later in the yield curve? Does that suggest there are some concerns about whether Fed can keep inflation in check, without causing a recession. What does history tell us about the chances of that happening? Meanwhile the Yen is a casualty from all this bond action, with their central bank a long way off any sort of tightening. And the…
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