OPINION: What if central banks have gone too far and possibly over-tightened already?
Reserve Bank governor Adrian Orr.
Fergus McDonaldSat, 19 Nov 2022
Let’s be frank – it’s been a terrible time for bond market investors since the second half of 2021. Cash rates have been hiked from pandemic emergency levels of 0.25% to the market pricing in an OCR peak of 5.25% by mid-2023.
Over the same time period, 10-year Government bond yields have moved
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