Markets are looking through recession worries and repricing Fed hike expectations on still-elevated US inflation prints. 10Y US Treasury yields rebounded in June and are now near decade-highs. At their June meeting, FOMC members revised up their policy rates projections substantially. In Asia, a faster-moving Fed will make for a challenging environment for Asian central banks and Asia bond investors. We share our thoughts on how to navigate the rates environment in these volatile times.
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