Bond markets calm down
Bond yields have declined significantly on Friday, erasing almost completely Thursday’s rise. This does not mean tensions are over: in the US, the House of…
No big thing yesterday on financial markets but a gradual increase in bond yields that seems to reflect caution ahead of key economic reports in the US, to begin with CPI data today. The surge in Chinese exports and imports on a yoy basis in March reflects basis effects: we are entering a period during which it will be very difficult to draw anything from activity indicators. The EUR/USD exchange rate is still trading slightly below 1.19.
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