Report
Bruno Cavalier

The Fed’s new strategy as seen by fixed-income markets

Since the bottom of the business cycle in the middle of last year, US long-term interest rates have been headed upwards (not in a straight line) but they are still below their pre-crisis level. This increase mainly reflects slightly higher inflation expectations. Real interest rates have actually fallen. These trends relate to the new strategy adopted by the Fed, which consists in not reacting preventively to inflationary risk. Short-term rates are to some extent desensitised to ...
Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Bruno Cavalier

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