Although US bond yields are well above their lows of the past decade, it’s always a good idea to think globally.
European policymakers face a dilemma: continue to hike interest rates to combat inflation or ease off to stimulate growth.
Widespread lockdowns have resulted in record output declines and soaring debt across the euro area. But the political response to the COVID-19 crisis may be positive for the European integration project—and for euro-area bond markets.
Italy’s new prime minister, Mario Draghi, has a well-earned reputation for turning around difficult situations. But can he reverse Italy’s relative economic decline? And what does his program mean for Italian bond yields?