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Bond markets may benefit if Fed slows rate hiking cycle after Silicon Valley Bank collapse
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According to CME FedWatch Tool, the markets are expecting the US Federal Reserve to take a rate-hike pause by the May 3 or June 14 meeting.
PHOTO: REUTERS
SINGAPORE - The collapse of tech lender Silicon Valley Bank last week has led to jitters in the markets, and there is chatter that the US Federal Reserve will have to pause or even slow its rate hiking cycle when it meets on March 21 and 22.
Bond markets, particularly emerging market (EM) bonds, are awaiting this Fed decision for an indication of how much further the US central bank will go.
