Yields Dip and Stocks Are Mixed Following Soft Inflation and Sentiment Data

European yields are lower and Bund and Gilt futures are moving higher, stock markets drifted sideways, with the DAX still hanging on to slight gains, while the FTSE 100[i] dipped into the red leaving the 10-year Gilt yield down -3 basis points at 1.12%, while the Bund yield is down -1.4 basis points at 0.33%. The Euro continues to drift lower along with bund yields. Eurozone spreads mostly widened at the long end and 2-year yields rose in most Eurozone countries, despite weaker than expected ESI confidence data and signs that German inflation will drop sharply in March. ECB officials meanwhile pushed back against rate hike speculation with Praet, Nowotny and Liikanen all effectively confirming that the dovish guidance remains in place.

 

Continue reading: https://www.iforex.com/news/yields-dip-and-stocks-are-mixed-following-soft-inflation-and-sentiment-data-27329

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