Global Macro Strategist_ Here We Go Again

January 11, 2025 01:06 AM GMT Global Macro Strategist | North America Here We Go Again 2025 starts with a bang: another run at 5% 10-year US Treasury yields and equally concerning moves in the UK gilt market place the focus squarely on fiscal credibility. Will central bankers decide the economic outlook demands tighter financial conditions, or will they push back? Stay neutral for now. Interest Rate Strategy In the US, we stay neutral on duration and exit trades positioning for a rate cut at the January FOM ...