Despite the limited market reaction to today’s higher-than expected US CPI print, we still think that the yield of US 10-year Treasuries will rise this year as high inflation proves persistent. We expect yields to rise in the euro-zone as well, but by less than in the US. Today’s ECB decision supports this view.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services