Bond Market Anticipates Fed's Successive Rate Hikes, While Yen Carry Trade Fades at a Swifter Rate
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Author:小编   

On September 16 (local time), the Federal Reserve implemented a 25 basis point interest rate increase, a decision that had been thoroughly anticipated by the market beforehand. Current valuations in the bond market reveal that investors have already integrated expectations of further, successive interest rate hikes into their assessments. Following the rate hike, bond markets across developed economies globally demonstrated a pattern characterized by 'gains at the short end and stability at the long end.' This trend has not only expedited the decline of the yen carry trade but also elevated financing costs in emerging markets.