The markets have got it wrong (again) on rate cuts
Bond traders are fully priced for some relief by April 2025 thanks to a couple of surprising data points. But it’s always the coldest just before sunrise.
I spent 20 years in the bond market and learnt that this is a very dangerous statement. But the last two years have repeatedly demonstrated that interest rate markets just don’t “get it”.
Loading...
Warren Hogan is managing director of EQ Economics and economic adviser to Judo Bank.
