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USA: Two year yields at 4.09% highest since October 2007.

00:01 - 23/09/22

 

 

 

Traders are betting the ECB will raise its key interest rate to 3% by June, double the level that was expected at the start of the month

 

 

 

Deutsche Bank is now forecasting that Germany's economic growth will be -3.5% in 2023, i.e. that there will be a substantial 🇩🇪recession; and the €zone economy will also be mired in recession.

 

 

 

Bond traders are girding for the risk that Fed Chair Jerome Powell is ready, willing and able to plunge the US into recession to get the inflation bogey under control

 

 

 

Here is how all previous BOJ yenterventions have fared: catastrophically

 

 

 

 

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