Markets Bear steepening turned into bear flattening in Europe yesterday. Daily changes on the German yield curve ranged between +2.4 bps (30-yr) and +5 bps (2-yr). EU swap rates added 0.9 bps (30-yr) to 4.5 bps (2-yr). The US/Iran stalemate and higher energy prices offer a first explanation. Both parties don’t seem to be on […]
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The Euro and British pound are trading cautiously against the US dollar as markets await the release of the minutes from the Federal Reserve’s latest meeting. At its July meeting, the Fed left interest rates Read more…
In focus today In the US, the minutes from the FOMC’s July meeting are released this evening. Markets are looking for a more detailed sense of the committee’s thinking beyond Kevin Warsh’s limited forward guidance. Read more…