Rates Spark: Precarious spread tightening
Ever lower interest rates are driving greater appetite for risk assets. In the case of eurozone sovereign spreads, this tightening has also come on the…
Rates Spark: bye bye hikes
Taking their cues from the US, developed market rates continue to price out rate hikes. The result is lower rates across the board, but also markedly…
Rates Spark: rock-solid Bund
German Bund yields holding on to last week’s gains confirm the market’s recessionary mood. We identify potential drivers for 10Y yields…
Inflation expectations have converged between the US and the eurozone. So, the 10yr rate differential is driven by real rates. As the US 10yr real rate…
Higher Bund yields are to be expected this year, and the rise may well be front-loaded. As yields rise and tapering talk comes to the forefront, spreads…
