EPISODE · Mar 13, 2024 · 15 MIN
Hungry for US bonds, wage wins in Japan
from NAB Morning Call
Wednesday 13th March 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABAnother big auction overnight showed strong appetite from investors for long-dated US bonds. NAB’s Gavin Friend says the resilience in US data refuses to give up and the timeline for when the Fed will cut rates continues to get pushed back. Markets are not even fully pricing a cut in June now and there’s the question as to whether the Fed dot plot next week will drop to two cuts this year. Meanwhile, expectations are rising for a rate rise by the BoJ next week, as wage negotiations in Japan show many workers are seeing pay rises in excess of 5 percent. Gavin talks through the likely impacts on currency markets. Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
Wednesday 13th March 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABAnother big auction overnight showed strong appetite from investors for long-dated US bonds. NAB’s Gavin Friend says the resilience in US data refuses to give up and the timeline for when the Fed will cut rates continues to get pushed back. Markets are not even fully pricing a cut in June now and there’s the question as to whether the Fed dot plot next week will drop to two cuts this year. Meanwhile, expectations are rising for a rate rise by the BoJ next week, as wage negotiations in Japan show many workers are seeing pay rises in excess of 5 percent. Gavin talks through the likely impacts on currency markets. Hosted on Acast. See acast.com/privacy for more information.
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Hungry for US bonds, wage wins in Japan
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