Barring a Large Surprise, We Don’t Expect Much of a Market Reaction

Markets The unexpected slowing in German inflation, however difficult the numbers are to interpret, determined much of the trading session yesterday. European rates fell with German bund yields printing losses between 2.5 bps (2y) to 6.2 bps (30y) still. US bond yields dropped in the slipstream. The long end outperformed, causing the 10y2y spread at […]

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