We're Back to Normal Rates, Says Ed Yardeni
Yields in the US and other advanced economies have climbed to multidecade highs, tightening financial conditions, amid higher inflation triggered by the US-Iran war and concern about budget shortfalls. Traders have responded by paring rate-hike expectations, with the amount priced into swaps across eight major economies falling by almost 200 basis points since mid-September, according to data…
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
