Summary

• The glass-half-full view some market segments are taking contrasts with rates' reluctance to price out hikes to the same degree.
• Caution concerning inflation remains warranted, and absent a notable rise in growth concerns, longer rates can still go higher.
• Despite the growing optimism in some corners of riskier asset markets, investors are still looking to the Middle East, especially ahead of the weekend.

By Benjamin Schroeder, Senior Rates Strategist

Some risk assets have more than fully retraced, but rates are right to remain concerned about inflation

Markets continue to take the glass-half-full approach to the situation in the

5.36K Followers