U.S. Rates Serving as Release Valve for Global Financial Pressure, Says BMO’s Hill

The video discusses the US rates market as a release valve for global financial pressures, especially after a dovish March FOMC meeting. It explores the implications of the Fed's potential end to the hiking cycle and the possibility of future rate cuts. The video also analyzes the stability and volatility in US rates, highlighting a shift from a coiling period to a lower plateau of rates. Finally, it examines the cyclical changes in the yield curve, emphasizing the importance of timing the cyclical steepening as a key trade in 2019.

In what ways might the current stability in US rates impact global financial markets?

What factors contributed to the low volatility observed in the markets?