Defying Gravity
from Macro Minutes
A number of global fixed-income markets have broken higher as central banks are still left to deal with tight labor markets and core inflation that is not falling fast enough for comfort. Can the sell-off continue, overcoming lingering fears of an economic slow-down or will yields quickly pull back down into old ranges? Participants: Jason Daw (Desk Strategy), Head of North America Rates Strategy Michael Reid (Desk Strategy), US Economist Blake Gwinn (Desk Strategy), Head of US Rates Strategy Peter Schaffrik (Desk Strategy), Head of UK/European Rates & Economics Lori Calvasina (Research), Head of U.S. Equity Strategy Su-Lin Ong (Research), Chief Australia Economist * Research Analyst opinions are their published views, independent of those expressed by Desk Analysts
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