Fed’s Choice Is ‘Hike or Bond Spike,’ Says BofA’s Cabana

Hike or bond spike is a choice between two ways of paying for the same borrowing.

Mark Cabana, co-head of global rates strategy at BofA Securities, says markets and economies around the world are starting to see the bite of higher rates and that the Federal Reserve needs to keep hikes on the table. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)

Read it at Bloomberg Markets ↗

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