Bassanese Bites: Bond bloodbath – September 26 2022
Week in review
Continued hawkish actions from the US Federal Reserve again weighed on global equity and bond markets last week, with an ill-judged very stimulatory UK budget also not helping fragile global sentiment on Friday. The result is that US stocks are almost back to their mid-June lows while bond yields have broken back above their mid-June highs. The $US powers on and commodity prices remain in retreat.
