Citi gauges the risk of rapid rate rises

Peter Lee
Published on:

As Euromoney sits down with Michael Corbat and Jamie Forese, US treasury bond markets are in the grip of a summer sell-off spreading uncertainty and fear across Wall Street.

For a read on the world’s most important economy and the likely path of the risk-free rate that prices all other assets, Euromoney can’t pass up the chance to grill the head of one of the biggest banks in the US and the head of its investment bank, who first cut his teeth in the great Salomon Brothers bond trading machine.

Corbat says: "The US economy is recovering, but that recovery, which will be led by the consumer, is still fragile. It looks as if there is now...