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

https://www.bloomberg.com/news/articles/2023-08-17/bofa-s-warning-of-a-5-world-sinks-in-as-bond-yields-surge


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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