With higher interest rates will something break?
ANALYSIS: The jump in higher interest rates over the past few weeks has brought about concerns that asset prices may need to adjust down.
Andrew Bascand and Hamish Pepper
Tue, 03 Oct 2023
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
In only six months, the global anchor for asset prices, the US 10-year Treasury yield has risen by more than 1.3 percentage points to 4.6%. The combination of better US economic data, a hawkish Federal Reserve and, more recently, higher oil prices have driven the long bond to above the early cycle
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Andrew Bascand and Hamish Pepper
Tue, 03 Oct 2023
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.