- A hawkish rethink of the Fed's rate path is driving bond yields higher.
- Key data due this week is the next test for the hawkish Fed view, and it will either cool or reinforce investor expectations.
- The repricing leaves duration-sensitive assets exposed to further yield increases if the data confirms a hawkish Fed.
Quotes
“Key data this week may either cool or reinforce investor views of a hawkish Fed”