State Street: What Militarizing Europe Means for its Bond Markets
31/3 10:30
“Germany’s new and more expansive fiscal position to fund the new European security realpolitik transforms the region’s bonds outlook. The yield curve has steepened but it can steepen further. Lodging at the front end of the curve is justified by the defensive nature of short-duration strategies, and continuing protection from the European Central Bank’s easing […]...