Macromavens President Stephanie Pomboy discusses her outlook for the stock market amid more government spending and inflation pressures.
A few central banks from both advanced and emerging economies have sent hawkish signals pushing global yields higher
Since yesterday night, a few central banks from both advanced and emerging economies have sent hawkish signals pushing global yields higher today.
This morning, Nikkei said the Bank of Japan is considering widening the movement range around its 10-year bond yield target at the end of a policy review Friday. Some investors viewed the widening of the range as a step in the direction of policy tightening.
Later, Bloomberg reported that “Norway’s central bank brought forward the timing of what will probably be the rich world’s first cycle of interest rate hikes since the pandemic broke out. The Oslo-based bank, which kept its main rate unchanged at zero on Thursday, as predicted, said it now expects to start raising its benchmark deposit rate in the “latter half” of this year.”