Curve prices extended gains
European spot gas prices were up again overall yesterday, supported by an additional tightness on supply. Indeed, Norwegian flows dropped significantly yesterday to 150 mm…
Bond yields have rebounded, equities as well and the USD has lost some ground, the EUR/USD exchange rate returning above 1.19… before falling back below this morning. Fed speakers have in general been reassuring about inflation, but their speeches show different opinions. The market seems a bit lost and does not really know what to make of the last Fed meeting.
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