One can argue that the trigger came as European bonds tumbled in the aftermath of the ECB last week but inflation
Inflation
Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m
Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m
Read this Term worries have certainly not helped with the picture whatsoever. The bond selling is finding a new leg here in European morning trade, with 10-year Treasury yields surging up by 9 bps to 3.24%. That is the highest since 2018.
The 2018 highs come in around 3.25% to 3.26%, so that will be a key spot to watch before a potential technical break towards 3.50% next.
It is looking ugly out there and there isn't much reprieve anywhere besides banking on the dollar right now.
