The volatility we've seen in European bonds this year (2005) has been quite spectacular and it hasn't been a very good year. In the middle of the year, staying bullish in European bonds would have been one of the worst trades. |
The volatility we've seen in European bonds this year has been quite spectacular and it hasn't been a very good year. In the middle of the year, staying bullish in European bonds would have been one of the worst trades. |
There isn't much reason why the ECB won't hike further. We don't think its time to buy because they have changed their rhetoric pretty drastically. |