Highlights
- The US 10 year yield looks set to recover back above 4.50% in the weeks ahead, in line with our outlook for a range bound period between 4-5% for the first 6 months of 2024.
- Inflation expectations are turning higher as well, just above the Fed's 2% target.
- All this at a time when global investors show a record expectation for lower rates in the next year.
- Above 4.25%, and we likely begin to see a swift rotation. . .
