Monday 28th March 2022The sell-off of bonds continues, with a further spike in yields at the end of last week. NAB’s Tapas Strickland says it’s because there is heightened expectations that the Fed will lift rates even faster than previously thought, possibly even four 50 basis point rises this year. Yet the share market – in the US and Europe – continues to rise. We look at why in this morning’s podcast, plus Shanghai in lockdown, how the Yen has lost its safe haven status and the ongoing impact of the war in Ukraine.
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