(Reuters) - Bund yields climbed to multi-year highs after data
reinforced the outlook for strength in the euro zone economy,
which could lead to more interest rate hikes by the European
Central Bank, analysts said.
"We have been taking our cue from European markets, which
have been leading U.S. markets today. The European Central Bank
is still in play and short-term rates are heading higher. I
think that probably will be the main technical factor for
Treasuries," said George Goncalves, chief Treasury/TIPS/agency
strategist with Morgan Stanley in New York.
Read more at Reuters.com Bonds News
reinforced the outlook for strength in the euro zone economy,
which could lead to more interest rate hikes by the European
Central Bank, analysts said.
"We have been taking our cue from European markets, which
have been leading U.S. markets today. The European Central Bank
is still in play and short-term rates are heading higher. I
think that probably will be the main technical factor for
Treasuries," said George Goncalves, chief Treasury/TIPS/agency
strategist with Morgan Stanley in New York.
Read more at Reuters.com Bonds News
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