The report highlights the Fed's constrained easing bias following CPI data and expectations for a 25bp ECB hike amid persistent energy shocks. Geopolitical tensions in the Middle East remain a key risk premium factor impacting global bond and energy markets.
Key Takeaways
- 1.US inflation data keeps the Fed in a holding pattern, unlikely to validate cuts while scaling back the easing bias.
- 2.The ECB is expected to hike by 25bp, focusing on persistent energy-driven inflation shocks.
- 3.Geopolitical risk in the Middle East is injecting fresh risk premium, capping rallies in US Treasuries.
Table of Contents
- USD
- EUR
- GBP
- JPY
- Important Information
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Evelyne Gomez
Securities
US 10-Year TreasuryBrent Crude
Themes
Central Bank Policy NormalizationGeopolitical Risk
Regions
GlobalMiddle EastUnited StatesIranUnited Kingdom