DXY will recover after a deep decline

16 nov 2023

Regulatory pronouncements by central banks in emerging Asia, excluding China, are also weighing on their bonds. Meanwhile, Latin American bonds benefited as central banks continued to ease monetary policy. Sanjay Mathur, economist at Australia New Zealand Banking Group, said: "Asia bond yields will move in line with government bonds, but we expect banks to move ahead of the Fed and improve on emerging Asia's centralization efforts. "This remains an unlikely proposition." The next move will likely be to cut interest rates before local central banks begin easing. ”