This is a warning that sentiment developments aren't a one- way street, and we may have reached a peak. With the help of ZEW, prices should find a floor and shouldn't drop in the very short term. |
This is a warning that sentiment developments aren't a one-way street, and we may have reached a peak. With the help of ZEW, prices should find a floor and shouldn't drop in the very short term. |
We could get a mini rally for bonds from a weaker number because it goes against the big expectations for higher rates and stronger growth. |
We had positive inflation data out of Europe, and the U.S. as well. It's the starting point for yields to come down again. |
What we are seeing currently is that it's not a one-way road for strong economic data. Ten-year yields could fall to 3.35 percent in a month. |
With Italy's history of more than 50 different governments since World War II, it's hard to believe that a government with such a tight majority will have the mandate to implement the structural reforms demanded by the rating agencies. |
Yesterday's ECB press conference [November 3, 2005] was great entertainment. Having not heard of Goethe very often in trading rooms as happened yesterday, here's my personal favorite from German philosopher Friedrich Nietzsche that sometimes describes life as a research analyst/strategist: ">Das habe ich getan,< sagt mein Gedächtnis. >Das kann ich nicht getan haben< -- sagt mein Stolz und bleibt unerbittlich. Endlich -- gibt das Gedächtnis nach." |