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 Representatives voted the $1.9bn stimulus package that will now be debated at the Senate. A sharp rise in inflation is also coming that will probably fuel further tensions on the bond market. For the time being, the question is whether the correction in the bond market has been too quick and may trigger central banks’ intervention, just as it happened in Australia on Friday. Moreover, the Chinese PMIs kept on deteriorating in February, pointing to an economic slowdown that may be more significant than expected. The EUR/USD is edging up and nearing 1.21 after a marked downward correction since Thursday.

Share this news :

You might also read :

Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

🏆 You like our solution ?

Vote for us at the 2024 Energy Risk Commodity Rankings, in the Research category!

Thanks in advance.

Don’t have an account yet?