We've seen there's demand for longer-dated securities. The auction will go quite well today.
More Quotes from Cyril Beuzit:
We've had an accumulation of hawkish comments from the ECB and the momentum behind the European economy is now quite strong. The picture remains quite negative for the bond markets.Cyril Beuzit
We're slightly positive on the bond market for now. A rate move is priced in for June but people have given up on the idea of getting anything earlier.
Cyril Beuzit
The risk is for the ECB to accelerate the pace of interest- rate hikes. There seems to be very little support for the European bond market.
Cyril Beuzit
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The prerequisite of originality is the art of forgetting, at the proper moment, what we know.
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