‘Fear Factor’ Running High With Global Rate-Cut Bets Mounting
- Central banks will seek cue from the Fed first, NatWest says
- ‘Risk-free assets are getting scarce,’ says Axicorp’s Innes
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Traders bracing for another rough week sought refuge in haven assets, sending global bond yields down to new record lows.
As markets reopened, rate-cut expectations spurred by the Federal Reserve’s announcement on Friday that it was ready to act rippled through yield curves. The dollar and commodity currencies weakened in early trading.