BofA’s Warning of a ‘5% World’

It’s a sharp break for markets that last year started positioning for a recession that would push the Fed to ease monetary policy, raising hopes for a sharp rebound from a brutal 2022 that sent Treasuries to the deepest losses since at least the early 1970s.

Bloomberg 18 August 2023

The Federal Reserve will have to raise interest rates to as much as 5%

to ease the hottest inflation in four decades just as the world faces a “perfect storm” of potential recessions in the U.S., European Union and China,  Kenneth Rogoff said.

Bloomberg 23 maj 2022

Bond Bulls at JPMorgan, Allianz Bet Gone Bad

Convinced a recession in the US was near, some of the world’s most prominent money managers loaded up on government bonds this year in a bold bet that would atone for the punishing losses suffered in 2022.

That strategy is now misfiring once again 

Bloomberg 20 August 2023


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