The slightly hawkish HICP print from Germany today has sent yields higher despite the CPI metric surprising dovishly. Meanwhile, the recently released Ifo details hint of a potential comeback in the German economy, which is far from consensus.
Ifo Watch: Signs of disinflation bottoming out in Germany?
Inflation is likely going to drop just below 2% in Europe/Germany, but there are signs of bottoming price pressures in the IFO Survey, while the Chemicals sector keeps improving orders/inventory ratios.
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