Three central banks, five days, one direction
from The InvestSense Podcast Hosted by InvestSense
Three major central banks raised rates last week: the Fed to 4%, the ECB earlier in the week, and the Bank of Japan to 1.25% on Friday. In almost every case, markets are priced for at least one more increase this year. The Bank of Japan matters more than most assume: one explanation for the synchronised rise in yields across the US, Europe, Japan and Australia is hedge funds unwinding the "yen carry trade", borrowing cheaply in yen to buy higher-yielding assets elsewhere. Get access to the graphs: www.investsense.com.au/industry-articles/three-central-banks-five-days-one-direction Join the InvestSense Community to receive weekly insights from our investment team: https://www.investsense.com.au/investsense-insights?utm_source=Podcast+&utm_medium=MarketSenseCheck
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