We could get a mini rally for bonds from a weaker number because it goes against the big expectations for higher rates and stronger growth.
More Quotes from Kornelius Purps:
These somewhat disappointing figures might remind investors that not everything is bright in the euro zone. The long end has seen its yield highs.Kornelius Purps
In the near term, the gilt market will react to any economic data release that helps shape investors' BOE view. The annual growth figure was lower than expected, showing continuation of declining growth.
Kornelius Purps
In all likelihood, the time when obscure statements from FED Chairman Alan Greenspan caused analysts to ponder about the message between the lines will be over as Bernanke is expected to increase transparency by choosing clear-cut language -- more transparency, but less fun.
Kornelius Purps
Asset liability matching demand from pension funds will support the longer end and assuming the ECB hikes rates aggressively, we might see a flat yield curve by April.
Kornelius Purps
It's becoming harder to believe that the ECB will only raises rates once with confidence high and policy makers sounding hawkish. The short end of the bond market will remain under pressure.
Kornelius Purps
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