Converge Market Update: Low volatility amid policy ambiguity

Global investors have become comfortable pricing in the eventual turn of the global monetary policy cycle to a more accommodative stance. However, the big macro theme in early 2024 has been the paring of G3 policy easing bets against the backdrop of somewhat rebounding inflation rates. This has led to a rebound in bond yields and the Greenback, without putting pressure on equity markets.

Volatility across assets remains low, though, despite the ambiguity surrounding the future policy path of central banks. One reason for the lack of price movement in FX: the synchronization of policy pricing. 

Join macro analyst Boris Kovacevic as he breaks down this week's global market news.