A Swiss Deal
Monday 20th March 2023
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A deal was struck over the weekend that sees UBS buying Credit Suisse for US$2billion, a fraction of it’s value at Friday’s close. NAB’s Ray Attrill talks about the consequences of this arrangement and the ongoing uncertainty in the US regional banking sector. Could this mean we see bond yields falling further and watered down expectations for central bank hikes, including the BoE and Fed this week? How can central banks tread the path between fuelling more banking uncertainty…
The skinny
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