The dynamic of resilient but divergent growth against a worrying backdrop of rising bond yields kicked into overdrive this week. The US and China both reported better-than-expected data that show a much stronger 3Q GDP outturn with solid September momentum into the current quarter. At the same time, the UST 10yr yield surged yet again lifting borrowing costs. Likely to skip November, the Fed has time to data-watch but strong growth and rising inflation skew risks to more tightening.

Speakers:

Bruce Kasman

Joseph Lupton

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