Bassanese Bites: Is something breaking? – October 04 2022
Week in review
It was another down week for global equities as the unrelenting hawkishness of Fed speakers continued to weigh on sentiment. That said, bond yields have attempted to rally at various points over the past week on financial stability concerns – first with concerns over UK pension funds and more recently with concerns over the financial viability of Credit Suisse investment bank. As the old saying goes, the Fed usually keeps hiking “until something breaks” – and many investors might be hoping that something could break soon so that central banks re-think their aggressive rate hike intentions.
