By Syndicated Content
Apr 7, 2021 11:49 AM
(The author is editor-at-large for finance and markets at Reuters News. Any views expressed here are his own)
By Mike Dolan
LONDON (Reuters) - Financial markets appear to have a case of double doubts - unsure the U.S. Federal Reserve will hold its nerve in delaying interest rate hikes to 2024 but now second-guessing their own aggressive assumptions of a tightening late next year.
Investors entered April in a more sanguine mood after one of the worst quarters for long-term bonds in 40 years.
U.S. yields are drifting back lower as the second quarter kicks in despite a blowout U.S. jobs report for March, the highest reading for service sector growth ever, trillions of dollars of more government spending in the pipeline and ongoing inflation angst. And it s not entirely clear why.
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