Bond traders step up bets the Fed will steer US economy into recession
15/6/2023 6:58
Bond traders are stepping up wagers that the Federal Reserve will steer the US economy into a recession.
Policy-sensitive front-end Treasuries sold off Wednesday, while longer-date bonds rallied, after Fed officials indicated that they’re prepared to raise interest rates by another half-point this year following the first pause in the central bank’s 15 month hiking campaign.
Source: Bloomberg
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