News China's manufacturing sector expanded at fastest pace in more than a decade raised fears central banks may hike rates further to suppress inflation.
Bond yields rose on Thursday as signs that China’s post-COVID recovery was accelerating concerns that central banks face more difficulty suppressing inflation.
... Bond yields rose on Thursday as signs that China’s post-COVID recovery was accelerating concerns that central banks face more difficulty suppressing inflation. The 10-year U.S. Treasury is only a few basis points shy of 4%, while the particularly monetary-policy-sensitive 2-year yield sits at its highest since 2008.
The central bank is expected to take its Fed funds rate target to 5.43% by August 2023, according to 30-day Fed Funds futures.
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