Bond yields further down after the Fed Minutes
Much ado about nothing: the Fed minutes showed many Fed members getting more nervous about inflation and eager to discuss tapering bond purchases in order to react…
This was to be expected: market participants are waiting for tomorrow and the parallel releases of US inflation figures as well as the ECB’s decision on bond purchases. Meanwhile, very few notable news, although bond yields have lost some basis points, the US 10y falling to a 3-month low, below 1.52%. The EUR/USD exchange rate is rather stable, slightly below 1.22. Chinese price data confirmed upward price pressures in industry. Otherwise, there are very few market movers again today.
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