The reflation trade takes a break
- Macro-economy
- April 21, 2021
At least the movements on the financial markets were consistent yesterday. Equity markets were down and even sharply down in Europe. In parallel, after an initial increase nevertheless, bond yields registered a marked fall, the US 10y touching a 5-week low (price at a 5-week high). In a context dominated by risk aversion, the USD regained some ground: after having touched 1.2080, the EUR/USD exchange rate fell back towards 1.2030. The empty economic agenda puts the focus on the deterioration in Covid data, especially in India. Japan is adopting emergency measures for the umpteenth time in the main cities as well. The situation in Europe has started to improve very gradually, which will not allow a quick reopening of the economy.
Share this news :
You might also read :
The fall in bond prices is accelerating, which means bond yields are on the rise. The US 10y reached 1.33%, 42 basis points above its…
February 21, 2022
Roller coaster
Financial markets continue to move in tandem with news from the Russian-Ukrainian border. At the end of last week, there was widespread pessimism ahead of…
January 6, 2022
EUAs continued to rise while the power forward prices slightly retreated
The European power spot prices increased yesterday, buoyed by forecasts of continuously rising power demand and dropping wind output. The day-ahead prices averaged 214.67€/MWh in…
Subscribe to our newsletter