Final Fed hike unlikely to preclude a further rally in Treasuries

The FOMC looks set to shrug off the latest banking sector turmoil and deliver another, probably final, 25bp rate hike today. But we think it will turn to rate cuts soon, and cut further than is currently discounted by the end of 2024. That informs our view that the 10-year US Treasury will rally a bit this year.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.