In contrast to past episodes of yield spikes we believe it is unlikely that the recent rise in global bond yields will be reversed as markets sustainably shift up expectations for growth and the policy rate path for 2024-25. Next week’s FOMC meeting will likely see Chair Powell back away from the current dot plot and point to June as a time for a broader reassessment of the policy path ahead.

Speakers:

Bruce Kasman

Jay Barry

This podcast was recorded on 26 April 2024.

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