Interest rates to fall: Pete Wargent
Markets played around with the idea of the easing cycle being over for a while.
Not any more, though, as the yield curve inverts once again.
Still only a low probability of a cut in September.
However, another rate cut is fully priced in for December, with the implied yield on August 2016 contracts sagging as low as 1.61%.
PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and blogger.
His latest book is Four Green Houses and a Red Hotel.
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