This post was originally published on this site. August current conmditions -61.1 vs -69.5 expected Prior -77.6 August economic sentiment 34.2 vs 30.0 expected Prior 26.3 A good set of positives there as German investor morale is seen improving further going into August. Both the current conditions and outlook indices saw a beat on estimates, with the former being the highest since July last year. Meanwhile, the latter is the highest since February. The outlook index is now seeing four straight months of improvement as well. ZEW notes that: “The positive trend in expectations further consolidates in August, likely due...

This post was originally published on this site.If you only got eyes on one asset class this week, there is a good argument that the bond market is one to pay the most attention to. The Fed’s recent twist and turn, alongside softer US economic data, may have dampened rate hike hopes for a bit. But as the US-Iran conflict continues to extend for longer, the pressure continues to mount on oil prices and the global inflation outlook. And through all the noise, we’re starting to see a potential for a fresh cycle high in Treasury yields this week. 10-year...