Felipe Villarroel, portfolio manager at TwentyFour Asset Management, said US Treasury yields could rise modestly as Federal Reserve Chairperson Jerome Powell is likely to have a "calm tone" in his much-anticipated Jackson Hole speech tomorrow. A cooling US labour market has triggered bets on aggressive rate cuts, which Powell is likely to refute. "The market is expecting a 100 basis point rate cut this year, which seems a bit overdone given the current data," said Villarroel, who expects a 50...
TwentyFour Asset Management投资组合经理Felipe Villarroel表示,由于美联储主席鲍威尔明天在备受期待的杰克逊霍尔演讲中可能“语气平静”,美国国债收益率可能小幅上升。美国劳动力市场降温引发了对激进降息的押注,鲍威尔可能会反驳这一点。Villarroel表示:“市场预计今年将降息100个基点,考虑到目前的数据,这似乎有点过头了。”他预计9月降息幅度为50...