The bond selloff deepens in Europe and that won't lend much help to overall market sentiment to start the new week. This is all the ECB's doing as mentioned last week here.
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Italian 10-year yields hit 4% for the first time since 2014
Italian 10-year yields hit 4% for the first time since 2014
- 10-year BTP yields up over 50 bps since last Thursday
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- In-line CPI report leads to a blockbuster day for US stock markets
- US stocks open higher led by the NASDAQ index
- USD/JPY sent for a spin but now moving higher as BOJ rate hike odds fade
- Brazil's central bank hikes rate to 12.25% (from 11.25% and vs. 12% expected)
- USD/JPY looks to US CPI report to potentially break ping pong range
- BOJ reportedly erring towards keeping interest rates unchanged next week
- USD/JPY back above 153.00
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