Duration Is Still a Play Medium-Term: OCBC's Menon

The video discusses the unexpected 50 basis point rate hike by the New Zealand Central Bank, highlighting the global dilemma faced by central banks between controlling inflation and supporting economic growth. It examines the impact of high interest rates on New Zealand's housing market and the broader economy. The transcript also covers the global central bank strategies, the challenges faced by bond markets due to inflation, and potential investment strategies amidst economic uncertainty.

What are the potential consequences of the rate hikes implemented by central banks?

In what ways might a recession affect bond markets and investor strategies?