Posted 8/30/2023, 7:49:29 AM

Europe's weaker economy limits fallout of US bond rout

Euro zone bonds remained relatively unaffected by the recent selloff in US borrowing costs, indicating investor expectations that economic growth and funding needs in Europe will lag behind those in the United States.

reuters.com

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8/31/2023

Markets may have undone some of the ECB's work: Schnabel

Euro zone growth is weaker than predicted, but the need for more rate hikes by the European Central Bank is not automatically voided, according to ECB board member Isabel Schnabel, who raised concerns about investors undoing the ECB's past work and the decline in real risk-free rates counteracting efforts to bring inflation back to target.