Expectations of monetary tightening prevail in a context of high market volatility
After hesitating, the US bond market decided and 10-year yields fell to 1.33%, which may seem logical given the weakness of job creation in November…
The situation has not changed much on financial markets that remain calm. Stocks are trading sideways, bond yields and the USD remain rather stable. The EUR/USD has stabilized around 1.2130. The House advanced on the stimulus package, but the Senate is focused on the trial of the former president. UK GDP was up 1% in Q4, thanks to a temporary rebound in December.
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