US rates have moved higher despite weaker-than-expected data at the beginning of the year, as the market increasingly believes the Fed will start hiking in Q3/Q4 15. Danske Bank notes in a report on Monday: Although US r…
US rates have moved higher despite weaker-than-expected data at the beginning of the year, as the market increasingly believes the Fed will start hiking in Q3/Q4 15.
Danske Bank notes in a report on Monday:
Although US rates have moved higher over the past month, the market is not prepared for the Fed starting to hike rates in the middle of this year.
Therefore, we still project a significant rise in US swap rates, mainly in the 2Y-5Y segment as we get close to lift-off in the Fed funds rate.
We expect the long end of the US curve to be more capped due to aggressive monetary easing in Europe and Japan.
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