Not giving up
NAB Morning Call
00:00
The Fed's Re-Pricing of Terminal Rates
The main driver of higher yields, we have over the last few sessions has been this re-pricing of major central bank terminal rates. I think we're going to be able to see the money fill yet another day and another move higher in yields. And to your point, upward revision in GDP of Q1, we should say that this is Q1. Yeah, it's a while ago. Where we're approaching the end of Q2, everybody knew Q1 was strong.
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