European Capital Partners - Gimme five Discover this fund | European Capital Partners
Asset management and fund structuring boutique

Gimme five

Jan 24, 2024

We have been arguing earlier this year in our house view that expectations going into 2024 for rate cuts were high. We believed there was a divergence between central banks and markets expectation over the number and pace of rate cuts in 2024. In the meantime, market have started to adjust. The yield on the US 5 year Treasury Note has increased from 3.8% to 4.0% and the implied number of quarter-point rate cuts by the Fed has decreased from 6.5 to almost 5. We think this is still a high number for 2024 but investors start to adjust to reality.

Return to overview
instagraph