Have yields peaked? Will central banks ease off the pedal?
Monday 23rd October 2023
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US 10-year treasuries got up to 4.996% last week \u2013 not quite making it over 5%. So, does that mean they have peaked? Phil puts the question to NAB\u2019s Ray Attrill at the start of what could be a volatile week, as uncertainty remains over the conflict in Israel and Gaza. The key data point for Australia this week is the Q3 CPI numbers, which Ray says will be the arbiter as to whether the RBA does lift rates at the start of November. Elsewhere, the Fed\u2019s Loretta Mester suggested one more hike should do it for the US. Then job done?
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