Inflation surprise could change the game for interest rates - Sydney Morning Herald

The US appears to have finally passed peak inflation, raising the prospect that the path of future interest rate rises there and around the world - including in Australia - might be shorter and less steep than previously expected.

Yields on 10-year bonds were touching 3.5 per cent in mid-June but have now fallen back below 2.8 per cent. The yields on two-year notes edged down but, at 3.21 per cent, the US yield curve is still … [+4207 chars]

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