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What is the bond market trying to tell us

What is the bond market trying to tell us

US 10sIt's tough to gauge exactly what the bond market is saying but US 10-year yields have risen 9 bps today and are trading at 4.10% from a low of 3.60% a month ago.A portion of that -- for sure -- is pricing out a recession. A month ago, non-farm payrolls were...

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ECB sticks to data-driven approach – Westpac

ECB sticks to data-driven approach – Westpac

The ECB delivered the widely anticipated 25bp rate cut today, with President Lagarde sticking to her guns on a meeting-by-meeting approach. Despite the ECB's "no preset path" mantra, markets are already betting on another cut in December and a 22% chance they lower...

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