Uncertainty about the path of US interest rate cuts continues, as does bond market volatility - El-Erian
October 9, 2024 1:08 JST (excerpt)
The current market is pointing out a lack of anchoring in terms of interest rate perspectives.
In the November FOMC meeting, there is an 80% probability of a 0.25 point interest rate cut in the gold swap market.
Mohamed El-Erian, the president of Queens College, University of Cambridge, expressed the perception that the uncertainty surrounding US monetary policy is increasing the volatility of the US bond market.
Following the strong September US employment statistics released on the 4th, the market quickly retreated from positive interest rate cut speculation. The US bond market saw significant selling after the release of the same indicator.
The current market is pointing out a lack of anchoring in terms of interest rate perspectives.
In the November FOMC meeting, there is an 80% probability of a 0.25 point interest rate cut in the gold swap market.
Mohamed El-Erian, the president of Queens College, University of Cambridge, expressed the perception that the uncertainty surrounding US monetary policy is increasing the volatility of the US bond market.
Following the strong September US employment statistics released on the 4th, the market quickly retreated from positive interest rate cut speculation. The US bond market saw significant selling after the release of the same indicator.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
