The ratchet down in the US curve should morph to a steeper curve, and we think it should ultimately be from both ends. In the eurozone, we find that positive growth surprises have the capacity to...
We saw an interesting experiment played out on Wednesday as the market seemed to genuinely believe that Fed Chair Powell was about to be removed. We continue to identify this as a low probability...
Passing the new budget through the French parliament may prove difficult and generate more rate volatility. EGB spreads look tight given defence spending ambitions. US Treasury yields decide to test...