Rates Spark: Post-Trade Deal, The Spotlight Shifts To Data
2025-07-29 03:40:00 ET
With an EU trade deal reached, focus will shift to the data
There has been a muted market reaction to the announcement of a US-EU trade deal , shifting the focus to the numerous data points this week. The little movement in rates reflects a mix of two things. For one, the idea of a trade deal being reached was in the making for a couple of weeks, already pushing the curve higher. Second, the details of the deal don’t seem great for the eurozone, offsetting the positive headlines with a slightly disappointing aftertaste. Equities, for instance, opened higher but reversed the gains throughout the day. In any case, in our view, a significant amount of uncertainty has been taken away, which should still be positive for risk sentiment and the near-term economic outlook. We therefore stick to our bearish call for euro rates....
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Rates Spark: Post-Trade Deal, The Spotlight Shifts To Data
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