Markets European bond yields started off with a massive surge yesterday. We view it as a belated catch-up move with their US counterparts following the CPI release on Wednesday. Both German yields and European swap yields rose almost 20 bps intraday at the short tenors. But doubts soon emerged once again with an unfolding Italian […]
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Eurozone inflation edged higher in February, with headline CPI finalized at 1.9% yoy, up from January’s 1.7% yoy. Core inflation, which strips out energy, food, alcohol and tobacco, also firmed to 2.4% yoy from 2.2% Read more…
EUR/USD is consolidating near 1.1532 on Wednesday, with markets adopting a wait-and-see stance ahead of the Federal Reserve’s decision. The Fed is widely expected to keep rates unchanged. Investor attention will focus on Jerome Powell’s Read more…