Fixed-income: The uptrend in bond yields remains, watch our for the BTP-Bund spread
Saxo Market Call
English - October 10, 2023 13:00 - 15 minutes - 12 MB - ★★★★★ - 101 ratingsInvesting Business News Business News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Macro and FX: Potentially a defining moment in the Middle East
The US bond market reaction to events in Israel over the weekend was delayed because of yesterday's closed US markets, but today bond trading has resumed and the initial reaction was lower bond yields. However, the longer end US bond yields have already come back higher again so the uptrend in bond yields remain intact. In today's episode we reiterate our call for staying in the short end of the yield curve or short-term high quality investment grade corporate bonds. Finally, we talk about the widening BTP-Bund spread and what it means for Italy and ECB rate policy, with Peter Garnry and Althea Spinozzi.
Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here.