Both equities and bonds have been rallying in November. Inflation pressures have been easing and investors are becoming increasingly confident that the US Federal Reserve and other central banks may be done with raising rates.
Last week’s better-than-expected US CPI data showed that core inflation had fallen to its lowest reading in more than two years – stocks rallied strongly and the 10-year Treasury Yield fell below 4.4% by the end of the week. There is growing anticipation among many market participants that the Fed will begin cutting rates by the middle of next year.
Full report:
https://realmim.com/stocks-and-bonds-both-rallying-this-month/
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