Rates Weekly: Anew case for US regional banks?

EUR rates:Recap of the week: Euro rates staged a broad rally this week, with the 10Y Bund yield falling back below 2.55% for the first time since June against a backdrop of renewed uncertainty on global trade. Concerns about regional US banks added to the rally. The French OAT again took center stage with 10Y OAT-Bund spread retraced

Old ghosts (Halloween approaches)

With no US official data (the US shutdown continues), markets navigate through political (US-China trade war noise) and micro newsflow as the Q3 earnings season kicks off. The start of the week saw risk assets retrace part of last Friday's sell-off, boosted by some signs of US-China negotiations and strong earnings from the AI sector (ASML, TSMC) and from the US big banks. But the mood turned risk-off on Thursday, with bad news from US regional banks reviving global credit fears and triggering spillovers into both Asia and Europe this morning.Wtd, European equity indices are flat, with today’s...

La compression des terres rares de la Chine laisse les États-Unis dangereusement exposés