BNP Paribas Warns on Upward Trend in US Yields
BNP Paribas' chief economist warns that rising US fiscal deficits and persistent inflation are driving long-dated bond yields to multi-decade highs with limited factors likely to reverse this upward trend. The bank is closely monitoring Federal Reserve Chairman Kevin Warsh's upcoming Jackson Hole speech for potential policy signals that could impact yield trajectories.
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Hard to See What Can Stop Upward Trend in Yields, BNP Paribas Says
BNP Paribas' chief economist warns that rising US fiscal deficits and persistent inflation are driving long-dated bond yields to multi-decade highs with limited factors likely to reverse this upward trend. The bank is closely monitoring Federal Reserve Chairman Kevin Warsh's upcoming Jackson Hole speech for potential policy signals that could impact yield trajectories.
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