• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Features

Global bonds erase all gains since Powell’s pivot in December

2 years ago
in Features, highlights, Home, home-news, latest News
1 min read
0 0
0
160
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Global bonds erase all gains since Powell’s pivot in December

US inflation data has erased the last remnants of a global bond rally that started in December with the hope that the Federal Reserve had finally pivoted to favor interest-rate cuts.

A Bloomberg index of global debt has dropped 3.5% this year, erasing all its gains since Dec. 12, the day before the Fed announcement that month. Treasury 10-year yields were at 4.31% in Asia after surging 14 basis points in the previous session, while Japan’s 10-year yield climbed as much as four basis points.

Global bonds slumped this year as Fed Chair Jerome Powell led major peers in pushing back strongly against market bets that central banks would start rapid easing moves as early as March. The rout accelerated after data on Tuesday showed US inflation in January was stronger than expected, while prompting traders to push back bets on the first Fed interest rate cut to July.

“January CPI is a game changer — the narrative that Fed disinflation provided scope for insurance cuts is clearly now on the chopping board,” said Prashant Newnaha, Singapore-based senior rates strategist at TD Securities Inc. “There is now a real risk that price pressures begin to shift higher. The Fed can’t cut into this. This should provide momentum for further bond declines.”

Traders are now only fully pricing in three Fed rate cuts for this year, with a fourth reduction seen as a coin toss. That lines up with the US central bank’s own forecast for three easing moves, though it is a far cry from just a month ago when swaps showed the potential for as many as seven downward shifts in the cash rate.

Australian 10-year bond yields jumped as much as 12 basis points to 4.29% on Wednesday, right in line with their level before the Fed’s December announcement. German bunds and UK gilts had already more than erased their pivot-era rallies.

RelatedPosts

Ghana Urged to Embrace Non-Interest Finance to Drive Inclusive Growth

Finance Minister Welcomes IMF Team for Fifth Review of Ghana’s Programme 

NPP-Linked Patriotic Institute Defends Gold-for-Oil Programme Against IMANI’s “Leakage” Claims

Source: bloomberg
Via: norvanreports
Tags: Global bonds erase all gains since Powell’s pivot in DecemberUS Fed
No Result
View All Result

Highlights

Germany’s RWE Pulls Out of Namibia’s $10 Billion Green Hydrogen Project

IMF Urges Fiscal Discipline and Structural Reforms as Eswatini’s Growth Outlook Strengthens

IMF Mission Reviews São Tomé and Príncipe’s Economy Amid Inflationary Pressures and Power Shortages

How The Gold-For-Oil (G4O) Scam Was Orchestrated – A Simple Must-Read Explanation by Bright Simons

Cyber Security Authority Warns of Surge in Deepfake Scams Targeting Investors and Consumers

‘We Are Eating Poisoned Food’, Says Dr. Kojo Ahiakpa as Illegal Mining Polluting Ghana’s Food Basket Regions

Trending

Business

Ghana Urged to Embrace Non-Interest Finance to Drive Inclusive Growth

September 30, 2025

Ghana Urged to Embrace Non-Interest Finance to Drive Inclusive Growth Ghana has been urged to adopt non-interest...

Finance Minister Welcomes IMF Team for Fifth Review of Ghana’s Programme 

September 30, 2025

NPP-Linked Patriotic Institute Defends Gold-for-Oil Programme Against IMANI’s “Leakage” Claims

September 30, 2025

Germany’s RWE Pulls Out of Namibia’s $10 Billion Green Hydrogen Project

September 30, 2025

IMF Urges Fiscal Discipline and Structural Reforms as Eswatini’s Growth Outlook Strengthens

September 30, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.