13 JUN 2022

Stronger guidance than expected

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Weekly Comment | Fixed Income

Stronger guidance than expected by the ECB on both July (50bps) meetings – it's no longer about whether the ECB is behind the curve or not, it's only about the magnitude at which it lags.

Ongoing discussions around a potential "anti-fragmentation tool". Italian Govt Bonds continued to underperform generic corporate high yield bonds.

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