Fed interest rate cut fails to impede bond markets

The monetary policy outlook remains supportive for bond markets despite record high debt prices, as ...

The monetary policy outlook remains supportive for bond markets despite record high debt prices, as uncertainty dogs prospects for economic and equity market recovery. Old Mutual's head of fixed interest Sofia Skalistiri says despite the US Federal Reserve's decision to ease the Fed Funds rate by a larger than expected 50 basis points earlier this month, further cuts cannot be ruled out. 'Nobody is prepared to exclude further action from the Fed should it be necessary, the Fed itself said that,' she says 'We are not expecting any real uptick in inflation, despite the recent economic...