December Fed-Hike Priced In: JPMorgan’s Kelsey Berro
The US bond market fell for a second consecutive session as traders anticipate the Federal Reserve accelerating interest-rate hikes to combat inflation.
Kelsey Berro, fixed income portfolio manager at JPMorgan Asset Management, discussed the market movements on Bloomberg's 'Real Yield' program. The bond market's decline reflects growing expectations that the Federal Reserve will increase the pace of its interest-rate hikes.
The US bond market tumbled for a second straight session as traders brace for the Federal Reserve to step up the pace of its interest-rate hikes in an effort to pull down inflation.
Traders are positioning themselves for more aggressive monetary policy as the central bank works to bring down inflation. The market has already incorporated a December rate hike into current pricing.
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