Soldiers share sweets to mark 75th Independence Day at heavily guarded Pakistan-India border
https://m.youtube.com/watch?v=VKSROEv3vvI
Mounting challenges that include increased monetary tightening by central banks, fallout from the protracted Russian invasion of Ukraine, and recurrent Covid-19 lockdowns in China.
Markets may be in for a disappointment, as the Fed is nowhere near to pausing its campaign of higher rates given still-elevated inflation.
“My initial sense is that it does seem like an exaggerated exuberance owing to cautious positioning. My suspicion is that for a Fed that will “keep at it until the job is done” and in so far that peak Fed fund rates are still bound to drift higher, this narrowing of US-Asia inflation differentials would be less desirable for emerging-market Asia assets".
“One day of retracement lower in Treasury yields is probably not enough to make local currency bonds appealing to foreign investors” .
“Policy rates are still going higher in both the Fed and Asian central banks, so there might be limits to how far bonds can rally” .
Return to ASIA, OCEANIA & AFRICA: Data, News & Commentaries
Users browsing this forum: No registered users and 14 guests