Yield curve mayhem
Saxo Market Call
Summary: Today we look at the remarkable moves in global yield curves as the Bank of Canada is the latest DM bank to surprise on the hawkish side in abandoning QE and bringing forward the guidance on rate lift-off. This took short yields sharply higher there while the long end of the Canadian yield curve actually fell - a relative development that is nearly universal, if to varying degrees, globally. We also look at the latest developments driving energy prices lower, Tesla versus VW on EV deliveries, earnings highlights and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.
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