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Eurozone Rates Show Resilience Amid Equity Volatility
Euro rates are more focused on the improving macro story than on AI-driven equity jitters. This also means that Bunds may not prove an effective hedge against an equity sell-off
Macroeconomic outlook
Articles related to Macroeconomic outlook
US Treasuries Stay Under Pressure as Powell’s Message Lingers; Limited Room for Gilt Yields to Fall Further
Fed Chair Powell's reticence to cut in December remains a driver of sentiment. Nevertheless, Treasuries are interpreting the various crosswinds as supportive of a rise in yields. We don't think the Bank of England will cut, but markets are not fully convinced. Gilt yields have little room to move lower as the Budget risk premium has already fallen
Poland’s Inflation Eases to 2.8%, Paving the Way for Another NBP Rate Cut
CPI inflation moderated below both our expectations and those of the market in October, thanks to a lower core rate, making yet another 25bp rate cut in November highly probable. Our baseline scenario had assumed a pause in monetary easing, but given Poland's ongoing disinflationary trend, we're bracing for another 25bp rate cut next week
ECB Minutes Signal Rates on Hold Amid Uncertainty, but Dovish Risks Remain
The just-released minutes of the ECB’s September meeting show a unanimous decision to keep interest rates on hold, viewing this approach as the most appropriate response to ongoing elevated uncertainty
CEE Market Update: PMIs Reflect Industry Weakness, Focus on Czech Republic's Economic Indicators
German Ifo Index Drops in December, Reflecting Fiscal Woes and Persistent Recession Risk
Rates Spark: Feeble Pushback Amid Central Bank Messaging and German Budget Uncertainty
