Eurozone: Eurozone bond bombshell

Report Date:  16/03/17

Eurozone bond yields continue to lag the improvement seen across the economy and the improvement in the global inflation outlook. That will force the ECB to move towards policy normalisation next year. This year’s European election cycle will pass without the feared populist victory (already seen in the Netherlands) which will reinforce this theme. We add French bond shorts to our existing German, Italian and Irish positions to position for this.

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