while energy giants Exxon Mobil and Chevron Corp were bolstered by surging crude oil and natural gas prices. Global debt markets have swung ferociously last week the US Federal Reserve conceded the US economy was slowing.Australian government bond yields shed 0.6 percentage points in seven sessions and fell to their lowest in three months.
“The inflation runs hotter to 6.1 per cent in the second quarter and is on pace to hit over 7 per cent towards the end of the year,” said Tina Teng, a markets analyst at CMC Markets. “We recognise this is a deeply out-of-consensus call,” said Andrew Ticehurst, Nomura’s rate strategist, citing several arguments supporting his forecast.
Source: Financial Digest (financialdigest.net)
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