EMU Interest Rates

Recent publication

Temporary bond yield climb is likely

Ron Markus
Monday, 5 August 2019
Ron Markus

The ECB has few levers to pull left to stimulate growth in case the trade war will result in lower business and consumer confidence and an economic recession. This could lead to a further decline in long-term rates, although we think a near-term upward correction of the 10-year German interest rate is likely. In the long-term, more fiscal easing is necessary to start a more structural uptrend in European long-term rates.  

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