BoE's Bailey: Steepening in yield curves for bonds is not particularly UK-focused ...Middle East

QT is an open decision.Global steepening of bond curves will have to be looked at carefully in annual QT decision.We are seeing firms tell us that higher uncertainty is delaying investment decisions, including capital raising.Caution on business investment will have some effect on employment.

Another reason is that the market expects better growth ahead and/or higher inflation due to the fiscal and monetary impulses. I think this is the most likely reason.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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