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Steeper NZ yield curve may be sign of things to come elsewhere

We think developed market yield curves will generally steepen in the near term, as central banks don’t deliver as many rate hikes as appear to be discounted in markets.
Thomas Mathews Markets Economist
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Rising real yields may end US equity outperformance

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Low relative valuation of euro-zone equities may not last

We think the recent fall in the valuation of euro-zone equities relative to those in the US may partly unwind, and expect the former to outperform the latter over the next few years.

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Monetary policy, the yield curve, and bond market conundrums

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29 October 2021
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