Societe Generale: Markets are too bearish on US inflation expectations
Subadra Rajappa, head of U.S. rates strategy at Societe Generale, said the market is too bearish on U.S. inflation expectations and has digested too many rate cuts. She cited recent strong economic data, such as lower-than-expected initial jobless claims and strong retail sales.
She expects more upside in long bond yields in the near term, while short bond yields have less room to fall from current levels.
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