Worries Haven’t Abandoned. Concerns about accelerated rate hikes have not subsided, with the potential for accelerated tightening of the Fed’s monetary policy. So the Fed will be more aggressive and of course hawkish. Market participants are also worried about new jobs in the United States (US) that are not as expected. From the US bond market, investors are still watching the yield on UST10Y, which is still around the 1.7% level.
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