This week, developments related to weak Russian gas flows and the EU’s response are likely to be the key sources of market movement. Though coal fired power is generating substantial amounts of electricity and adding…
Commission proposal Parliament position Council position (closely aligned to Commission Proposal Emissions 2030 vs 2005 61% lower emissions by 2030 vs. 2005 63% lower emissions by 2030 vs. 2005 61% lower emissions by 2030 vs….
Meanwhile in markets, an eerie quiet as the US is off for the Independence Day celebration. But even without the guidance of our American overlords, the factors that underpinned last week’s humongous bond market rally…
Meanwhile in markets, equities, commodities and credit haven’t seen much benefit from what is turning out to be the turning point in the bond market. Last week, we called for the peak in real yields,…
According to the latest rumor mill, the ECB is no longer considering offsetting purchases of peripheral debt (read: Italian debt) by selling non-Italian bonds from its holdings outright. So, our prior take on the ECB’s…
Bond yields have steadied a bit, but things remain very volatile. 10-year Bund and Treasury yields are way below the peak, though still a good 15bps or so above last week’s lows. Despite the doom…
