Expectations of Rising Bond Prices and Economic Slowdown: Insights from Bank of Japan Governor and U.S. Composite PMI
Bond prices are expected to rise on the 25th. The U.S. Purchasing Managers’ Index (PMI) for September showed an economic slowdown, continuing the trend of lower U.S. long-term interest rates. The fact that expectations for early monetary policy revisions have receded following remarks by Bank of Japan Governor Kazuo Ueda has also led to buying. … Read more