10-year German bond yields erase Lagarde drop

10-year German bond yields erase Lagarde drop


The bond market stays unperturbed in the intervening time

The bond market remains unperturbed for the time being
10-year bund yields are up by over 5 bps to -0.30% at present and that just about cancels out the drop from yesterday after Lagarde’s remarks right here.

That is going to be one lengthy and drawn out battle between central banksters and the market within the subsequent yr or so and we’re solely firstly.

I’d argue that policymakers additionally do not see a lot want to essentially step in with sterner intervention, as they’ve reaffirmed that any discuss of inflation – or not less than sustained inflation – continues to be a protracted methods to go.

So, the market will do what it desires to do for now. However we’ll see how a lot is an excessive amount of if it dangers upsetting the established order.

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