- The Federal Reserve and Bank of Japan raised interest rates in the same week, extending a joint tightening impulse across major central banks.
- Treasuries fell as anticipation of additional Federal Reserve rate hikes stoked wagers on rising yields for short-maturity debt.
- Rob Haworth of U.S. Bank Asset Management said oil remains the primary risk driving rates higher.
- Amundi's Alessia Berardi flagged pockets of fragility in global bonds against elevated energy prices and fiscal risks.
- Rabobank's Jane Foley said Fed Chair Warsh had to win his credibility after the rate increase.
Quotes
“Rob Haworth, Senior Investment Strategy Director at U.S. Bank Asset Management joins Bloomberg Businessweek Daily to discuss the markets as well as how the oil is driving rates higher.”
“had to win his credibility”
“Global Markets Still Face Pockets of Fragility”