European Bond Rout Continues Ahead Of ECB Meeting

2025-03-06 06:58:00 ET

Summary

• The run on the dollar has been extended today, but it has stalled in the European morning.
• Higher than expected Swedish inflation has helped put the krona on the top of the G10, with more than a 1% gain.
• Today's highlight is the ECB meeting, which is expected to result in another quarter-point cut to 2.50%.
• The European bond market rout continues, with eurozone benchmark 10-year yields up 6-8 bps.

Overview

The run on the dollar has been extended today, but it has stalled in the European morning. As North American traders return to their posts, the Australian and Canadian dollars, along with sterling, are lower on the day. Higher than expected Swedish inflation has helped put the krona on the top of the G10, with more than a 1% gain. It is at its best level against the euro in a couple of years. Most emerging market currencies are lower, led by around a 0.5% loss of the Polish zloty and Hungarian forint....

Read the full article on Seeking Alpha

For further details see: