Rate-hike expectations fall 178bp as rising bond yields squeeze demand
- —Rate-hike expectations across eight economies fell from 717bp to 539bp
- —US 10-year term premium rose to about 0.98%, the highest since 2014
- —Nomura expects US core CPI up 0.227% m/m, headline up 0.58%
- —St. Louis Fed's Musalem sees possible tightening over the next 6-9 months
Why it matters: Rising bond yields are tightening financial conditions without central bank action, weighing on liquidity and risk appetite, including crypto.
Source: TokenPost