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Bond market volatility next big cause of concern: Adrian Mowat
“Intraday, US bond yields go above 5% and they have rallied back below 4.2%. I see that as one of the risks at the moment. The US economy continues to generate jobs. It is growing at a very robust nominal rate and I think the Fed is very unlikely to be changing its reference interest rates in 2024 and that means that bond yields are mispriced. They are too low.”