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Markets Core bonds rallied yesterday with US Treasuries outperforming German Bunds. Yields in the US fell 5.2 (2-yr) to >10 bps (30-yr). German rates eased 2.4-6 bps in a similar curve shift. End-of-quarter (extension) buying Read more…
Germany’s GfK Consumer Climate improved modestly heading into July, with the headline index rising from a revised -29.7 to -29.2, but missed expectation of -28.0. The improvement was driven mainly by a slight recovery in Read more…
In focus today In the US, today’s main data focus will be on the May PCE. Consensus and the Kalshi prediction market expect that core PCE was 0.3% m/m in May with a tilt towards Read more…