USA:
Two year yields at 4.09% highest since October 2007. |
00:01 - 23/09/22 |
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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 |
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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. |
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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 |
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Here is how all previous BOJ yenterventions have fared:
catastrophically |
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