Interest rates: easing in the Eurozone, contrasting 10 & 2-year T-Bonds
In France, the 10-year OAT rate is now hovering around 3.11%, while the German equivalent is at 2.47% and Italian BTPs are down -3pts to 3.75%
In the US, US T-Bonds are yielding 4.202% (+2.5 basis points), but the 2-year is down -2.5pts to 4.435%.
Across the Channel, Gilts got off to a poor start this week, gaining 3.63 basis points to 4.148% and returning to their July 9 levels.
Central banks will be in the spotlight again this week, with Thursday's meeting of the European Central Bank (ECB), its last before the summer break.
Investors are likely to be looking for further indications of the possibility of another rate cut in September.
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