Don’t rely (too much) on implied forward rates when predicting future interest rates
What will happen to future interest rates? Will they fall back to pre-pandemic lows, will they stay more or less at current levels or will they rise? Many people say: “Just see what the market expects”. So let’s do that. The market expects interest rates in the future to stay roughly where they are now. But is that a good prediction?| Rangvid’s Blog
