Lates News

Ian Lincoln, director of interest rate strategy at BMO Capital Markets, said that market participants generally expected the Supreme Court's ruling, so the limited reaction in the US interest rate market was not surprising. James Ash, portfolio manager at MauBo Investment Management, said that the reaction so far has been quite mild. The market is not sure what to do. The real big issue would have been any talk of refunds. I think this news is slightly bearish for US bonds. This is a short-term negative impact for the budget, so it should be disadvantageous for government bonds. But it is really difficult to see how this will actually work out - very complex.