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Global market rates are slowly but surely going up

Samantha Chiew Published on Wed, Aug 02, 2017 / 4:20 PM GMT+8

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SINGAPORE (Aug 2): The overall outlook for developed market rates has not changed much over the past month, says Bank of Singapore.

In a Tuesday Investment Strategy & Research report, Johan Jooste, Chief Investment Officer for the private bank, says the long and short rates are very gradually increasing and that there is little to suggest the central banks have a different agenda from this.

For the immediate future, the main drivers of the global outlook remains how markets view coming actions of main central banks as they look to tighten policy by hiking rates and tapering balance sheets.