Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today for as little as $7/month
Already have an account? log in
Uncomfortably Calm: Full Week Ahead Preview
By now, you know the narrative - or at least you should.
Last month's "growth scare" and concurrent DM bond rally which pushed 10-year yields in the US to their lowest since December 2017 (a move exacerbated by convexity flows following the March Fed) has morphed into this month's "cyclical reflation" story.
On the home front, benchmark Treasury yields are back up to 2.56% and in Germany, 10-year bund yields are back above zero, helping ease fears that the "jaws" might close via a steep declin
Sounds like “Goldilocks Salad ” with a touch of Hot Sauce in the dressing..just to make this time different…