A welcome cooling in the US labour market

The cooling of the US labour market suggests that the US Federal Reserve may pause its rate hike cycle in September. This sent equity prices soaring yesterday, while government bond yields fell substantially. In China's latest state-led measures, the country's largest banks are preparing to cut interest rates on existing mortgages and deposits. Bitcoin is also back in the headlines as a new ruling by a federal court in the US has given the green light for the launch of a Bitcoin ETF. In today's episode, Dario Messi from Fixed Income Research shares his views on the impact of central bank comments on bond markets and explains why we are now less convinced about the emerging market segment of the bond market.

00:00 Introduction by Bernadette Anderko (Investment Writing)

00:29 Markets wrap-up by Lucija Caculovic (Investment Writing)

05:41 Bond markets – what’s changed? by Dario Messi (Fixed Income Research)

10:17 Closing remarks by Bernadette Anderko (Investment Writing)

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