Global debt markets are rallying on the assumption that the Fed and other central banks will soon be cutting rates aggressively. A reasonable assumption? It depends.
(Bloomberg) The world’s debt market is on track to post its biggest two-month gain on record as traders ramp up expectations that central banks everywhere will slash interest rates next year.Most Read from BloombergChinese Carmaker Overtakes Tesla as World’s Most Popular EV MakerThe Late-Night Email to Tim Cook That Set the Apple Watch Saga in MotionApple Resumes Sale of Watches After Appeals Court Lifts US BanS&P 500 Rally Flashes Signs of Fatigue Near Record: Markets WrapTesla Plans Revamp