Monthly Archives:

April 2007

Euro Rates to 4% & Beyond?

The European Central Bank (ECB) confirmed on Thursday (as largely expected) that it was leaving its key interest rate unchanged at 3.75%. The statement made by ECB President Jean-Claude Trichet was by and large the same as the one he made in March and as ever the bond market listened intently for certain ‘key’ words that either were or were not present. The rhetoric continues to suggest that th… Read the article

The US housing market vs Rollercoaster Tycoon

We’ve been a bit lazy about posting lately. Sorry. It’s been an interesting time in the bond markets however, with gilt yields rising to 2 1/2 year highs (5.07% for 10 year gilts as I type) and risky assets performing well again after the wobbles of February and March. Rising oil prices aside, the other inflation indicators appear reasonably well behaved, and the Q1 wage round looks like it’s d…

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