US Treasury curve bull steepens as equities hit the skids |
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Markets: Fixed Income On Thursday, the bull steepening of the US and European yield curves continued, as the ECB signalled that it could soon start cutting interest rates and US equities sold off. Increasing fears for a global recession dominated trading and eased previous concerns about inflation. Given the rapid worsening of the global economic outlook and the ongoing freezing of the money markets, bond markets do increasingly speculate on the possibility of a coordinated rate cut by the
Filed under: Fundamental
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