Still, Andrew Bailey now flags the BOE could become a bit more activist/aggressive when on rate cuts if inflation data remain good.
EMU (and US) yields are looking for a bottom (German 2-y +5.
0 bps, 30-y +6.5 bps).
Dovish comments from (often hawkishly oriented) ECB’s Schnabel yesterday only had limited impact as back-to back 25 bps rate cuts for October and December are discounted.
SNB president Schlegel this week didn’t rule out returning to negative rates but markets don’t buy that currently.
US 2-y yield rebounds off recent lows as data mute the debate on additional 50 bps Fed steps (for now)...
News articles remains the property of the source. Tellbrief is a news aggregator.
