Base rate cuts bringing down a valued bond (6,7)
I believe the answer is:
fellow feeling
'a valued bond' is the definition.
Although both the answer and definition are singular nouns, I don't see how one could define the other.
'base rate cuts bringing down' is the wordplay.
I cannot quite understand how this works, but
'base' could be 'low' (synonyms) and 'low' is present in the answer.
'rate' could be 'fee' (I've seen this in another clue) and 'fee' is located in the answer.
'bringing down' could be 'felling' (I've seen this in another clue) and 'felling' is present in the remaining letters.
No letters remain.
This may be the basis of the clue (or it may be nonsense).
Can you help me to learn more?
(Other definitions for fellow feeling that I've seen before include "Shared empathy" , "Sympathy" .)