bearish

Global FX and Rates: US moderation vs. tariffs tunes

451 Views03 Mar 2025 02:38
Podcast
SUMMARY
  • Term premium in US macro picture and interest rates has fallen significantly over the past month
  • Treasury Secretary's comments indicating no changes in coupon auction sizes or debt profile have impacted term premium
  • Recent concerns about weakening growth have led to market pricing in more Fed rate cuts, despite strong labor market and potential upside risks to inflation forecast

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