HALISTER1: Rate-Mkt Pricing Too Dovish Given Upbeat View on U.S, U.K.: GS

Rate-Mkt Pricing Too Dovish Given Upbeat View on U.S, U.K.: GS

(Bloomberg) -- Given upbeat view on U.S., U.K. activity and for the ability of both Fed, BOE to hike rates later this yr, mkt pricing is too dovish, Goldman Sachs strategist George Cole writes in client note.
  • Gradual firming of inflation pressures in U.S., followed by U.K., will provide support for continued front-end decoupling vs EUR, JPY curves
  • Risk is that aggressive cuts by ECB and/or BOJ will drag on global curves
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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George Cole (Goldman Sachs Group Inc/The)

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