Press Release
Euro Bank Bond Supply Likely to be Limited Ahead of ECB Rate Decision
Microsoft Start
The euro edges lower against the dollar and eurozone bond yields ease as investors anticipate further interest-rate cuts by the European Central Bank, including at this week’s meeting, Bas Kooijman, CEO and asset manager of DHF Capital S.A, says in a note. “With inflation in the eurozone now under control below the 2% target, coupled with Germany’s sluggish economy it reinforced expectations of further [monetary] stimulus,” he says. French political uncertainty and worsening public finances are also weighing on the euro, he says. Conversely, the dollar remains strong due to relatively high U.S. inflation and a resilient labor market, he says. The euro falls 0.2% to $1.0915; the 10-year Bund yield falls 0.7 basis points to 2.271%, according to Tradeweb.
Sources: Microsoft Start
Microsoft Start
Related Posts
Head office
21 Rue Glesener, 1631 Gare Luxembourg, Luxembourg