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US 10-year yields hit 4.08% as the 2-year approaches 5%

US 10-year yields hit 4.08% as the 2-year approaches 5%

Friday's European CPI number is turning into a global bond event.

After upside surprises in France, Spain and Germany, a high number is assured and that's leading to a rethink on how high Lagarde & Co need to go. For the March meeting, they've telegraphed 50 bps, even though the market still pricing in a 28% chance of a 75 bps surprise. A 50 bps move would get them to 3.00% and beyond that they've been hawkish. Plenty of market watchers see a 4% terminal rate but there are growing upsid... Read More

Posted: Mar 2 2023, 13:47
Author Name: forexlive
Views: 102219

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