Macro Minutes - RBC Capital Markets macro and market strategy series – explores the latest financial
Recent months have seen widespread hikes across most G10 central banks, but the potential for diverg
While upcoming policy increments and terminal values for various countries are highly debatable, Can
BoC/Fed/BoE/ECB are all on tap over the coming week. How high rates will go, whether there will be a
2022 was complicated, but it was dominated by a one-sided risk event - how high would rates go. 2023
All year market pricing for terminal rates in most countries has been a moving target and one direct
Most central banks are at a maturing stage of the hiking cycle, putting terminal policy rates firmly
A made in UK fiscal crisis has led to sharp rises in gilt yields, with the BoE's buyer of last resor
Fiscal policy has cracked the UK bond market, opened fissures in the Pound, causing ruptures in othe
Central banks are going full throttle to fight inflation by delivering outsized rate increases over
Many G10 central banks have moved policy rates to a neutral policy setting and are set to send them
The bond market overreacted to inflation fears in June and yields overshot on the topside. July was
Central banks are full throttle on rate increases in a throwback to the early 1980's inflation fight
The weather isn't the only thing heating up; North American central banks are expected to deliver la
We continue in an ebb and flow between market focus on inflation and growth risks, with the latter t
After markets started to shift attention towards growth risks, hawkish central banks and still eleva
Markets have sharply reserved course. Is this the start of a new trend, a consolidation phase, or ju
Participants: Jason Daw (Desk Strategy), Head of North American Rates StrategySimon Deeley
Central banks Strike Back! There are clear parallels (rates vol, inflation uncertainty, aggressive c
Bond markets have gone wild - the sell-off has intensified and the new dimension of the move higher
Global central banks continue to shift more hawkish, but can lofty market pricing for tightening be
