Traders are upping their bets that US interest rates will be higher for longer after Australia and Canada’s central banks unexpectedly lifted borrowing costs to combat inflation and the US labour market proved stronger than expected.
Pricing in the Treasury futures market now firmly points to a quarter-point interest rate rise by the US Federal Reserve in July after a pause in June, while expectations of rate cuts for later this year have fallen, according to Refinitiv data.
Strong US economic data in recent weeks, including a robust jobs report, have fuelled these bets, which traders added to after the decisions in Canada and Australia.
您已阅读18%（645字），剩余82%（3008字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。