【摘 要】
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In early June,global financial markets gyrated downwards in the wake of central banks ough language on inflation.At one point bond prices reflected expectations
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In early June,global financial markets gyrated downwards in the wake of central banks ough language on inflation.At one point bond prices reflected expectations of four rate hikes by the US Federal Reserve (Fed) in the next 12 months.As a result,the dollar firmed,oil prices stabilized,and yield curves flattened around the world.If all these inflation-fighting measures are real,the situation bodes well for bonds.But,I think otherwise.
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