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Societe Generale expect more hikes ahead from the ECB vs. Fed. Bunds to underperform USTs
Soc Gen on the European Central Bank vs. the Federal Reserve:
- The case for higher terminal rates is clearer for the ECB than elsewhere
- we expect a further 125bp of hikes
- and upside risks to wages could materialize
With the case for higher terminal rates clearer for the European Central Bank than for the U.S. Federal Reserve, and thus more interest-rate rises by the ECB than the Fed ahead, SG see U.S. Treasurys outperforming German Bunds.
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Posted: Feb 27 2023, 02:22
Author Name: forexlive
Views: 082220
