Bond yields: technical anomaly or economic fundamentals?
Ralf Preusser of Deutsche Bank and Robert Lind of ABN AMRO discuss whether last week's soaring bond yields were caused by market manoeuvrings or a robust macro-economic environment.
Ralf Preusser, head of European rates strategy at Deutsche Bank, and Robert Lind, head of macro research at ABN AMRO, share their opinions on last weekÆs soaring bond yields.
We believe the rather dramatic moves on Thursday were mainly driven by market technicals. Because there was no economic data released last week that could have triggered such a significant move, we have to look elsewhere to explain what happened.
Indeed, there has been a slow-burn factor of...
To continue reading, please login or register for free