Despite tentative signs of improvement in the euro-zone economy recently and our expectation that long-term US Treasury yields will rise significantly over the next couple of years, we forecast that the yields of 10-year euro-zone government bonds will increase only slightly between now and end-2023.
Webinar Invite: The FX Outlook, 12th May 2021. Neil Shearing will host an in-depth discussion with our senior markets economists about the outlook for DM and EM currencies, including why we think the dollar will strengthen further and why the outlook for EM FX is darkening. Click here to register.
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