Bond Market Turmoil: A Sigh of Relief, But at What Cost? The recent turmoil in bond markets has subsided, with investors able to breathe a sigh of relief.
The Bank of England's chief economist, Huw Pill, is advocating for an interest rate rise to combat inflationary pressures.
However, the market appears to be playing a waiting game, as US central banker Christopher Waller indicated he will support holding rates steady at the September meeting.