Key central banks around the globe are constantly warning that eventually interest rates will rise but their message is being ignored by bond traders.
Despite all the talk from the US Federal Reserve that there's imbalances in the financial system, and rates will be heading higher, the bond market continues to place bets that the pace of rate hikes won't be as quick as the bank is forecasting.
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Philip Baker writes on markets specialising in bonds, equity markets and currencies. Based in our Sydney newsroom, Phil is a markets columnist. Connect with Philip on Twitter. Email Philip at pbaker@fairfaxmedia.com.au
