Morning Bid: Economists polled by Reuters forecast inflation in the euro bloc rose 4.4% in January from a year earlier, easing from the previous month's record high 5%
The European Central Bank's plan to start tiptoeing away from monetary stimulus may be put to the test with Wednesday's flash inflation release.
Economists polled by Reuters forecast inflation in the euro bloc rose 4.4% in January from a year earlier, easing from the previous month's record high 5%.That inflation peak is well anticipated, so a less pronounced decline could push up both the euro and bond yields across the single currency bloc.
Two-year bond yields, are around -0.47% this morning -- the highest since April 2016. That's up 14 bps already this week.Meanwhile, the bulls are back in force in stock markets, supported by a flurry of strong earnings.
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