Bassanese Bites: Festive Fed – December 18 2023
Global markets
Bond and equity markets surged last week after a surprise dovish pivot by the US Federal Reserve. US 10-year bond yields dropped a lazy 0.32% to 3.91%, while the S&P 500 popped 2.5% higher. The $US also dropped 1.4%, helping the $A rise to US67c.
