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Interest Rates Around the World

机译:世界各地的利率

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There remains no compelling chart reason to expect aggressively higher yields in US bonds as the market heads into the most bond friendly time of the yeaer. Though becoming overdue for a short-term correction, the bullish trend in bonds remains firmly entrenched. With further cuts from the FOMC on the way, the US curve should continue with its 16 month old steepening trend. European bonds should be approaching the conclusion of the advance off the May lows following a push above the nearby mid-August highs. The European Central Bank will likely cut rates by another 25 bp before the end of the year, and the European yield curve will likely remain steep until it becomes clear that athe euro zone economy has established a recovery.
机译:图表上没有令人信服的理由可以预期,随着市场进入美国债券最友好的时期,美国债券的收益率将大幅上升。尽管短期调整尚不成熟,但债券的看涨趋势依然牢固。随着联邦公开市场委员会的进一步削减,美国曲线将继续其16个月的陡峭趋势。在突破附近的八月中旬高点之后,欧洲债券应该接近五月低点的涨势。欧洲央行可能会在今年年底之前再降息25个基点,而欧洲收益率曲线可能会保持陡峭,直到欧元区经济已确立复苏的迹象为止。

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