ING
Rates Spark: Why 4.75% is a natural fit for the 10yr yield
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https://think.ing.com/articles/rates-spark-us-pce-and-jackson-hole/
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The overarching narrative suggests a persistent risk of upward movement in rates, reinforcing a bullish sentiment. Per the full note from ING Economics, the current economic metrics indicate a heightened vulnerability to further rate hikes that could extend this momentum. The firm highlights inflation data and labor market strength as critical indicators that likely support this trajectory. With no immediate high-impact calendar events in sight, traders remain focused on existing trends and positioning leading into the months ahead, potentially drawing parallels with past cycles of tightening.