U.S. Treasury yields ebbed lower on Friday morning, as investors continued to shake off the Federal Reserve’s hawkish turn in its latest policy update. … Yields drifted lower despite the Fed having raised its inflation expectations, following its two-day meeting which concluded on Wednesday. The Fed also indicated that an interest rate hike could come as soon as 2023, after saying in March that it saw no increases until at least 2024. In a note sent to CNBC Thursday, Kleinwort Hambros Chief Investment Officer Fahad Kamal said that … he sees inflation as transitory in the short term, and expects it to move lower in 2022 as an ageing population, supply-chain efficiency and technology-driven productivity gains “exert lasting disinflationary pressures.”
Source: CNBC – Bonds
