The trend shift in fixed income is remarkable and sharply contrarian to the post-Trump consensus. We expect more of the same ahead, coupled with a firm decision by the Fed to support liquidity in December. Meanwhile, gold may see a catalyst.
Something for your Espresso: BRICS-week while EUR-flation falls apart
The upcoming BRICS-meeting is the key event this week. Will Xi solidify the CNY amidst the meeting to bolster BRICS-currency hopes? Meanwhile, European inflation keeps delivering “dovish” signals beneath the hood.
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