Europe’s Bonds Dive
Thursday 6th March 2025
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German bund prices have seen the biggest single day fall since the collapse of the Berlin Wall, pushing 10 year yields up30bp. It’s a similar story all over Europe, whilst movement in the US has been relatively tame. NAB’s Taylor Nugent says it is all on the back of extra spending on defence and infrastructure in German, outside the limits of their discal brake. It’s all happening ahead of an expected cut by the ECB later on. Market moves were less pronounced all round in the…
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