Report
Patrick Artus

What has driven down long-term interest rates in the core euro-zone countries again in the recent period?

Since October 2018, long-term interest rates in the core euro-zone countries have again fallen markedly. What can this be attributed to? Increased concern over the peripheral countries? Yes; A rise in risk aversion? No; The prospect of weak growth? Yes; The prospect of low inflation? Yes; The ECB’s announcements regarding future monetary policy? Yes; The Federal Reserve’s announcements and their effects on US long-term interest rates? Yes. All these possible explanations of the fresh fall in long-term interest rates in the core euro zone seem to be valid, with the exception of higher risk aversion .
Provider
Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Analysts
Patrick Artus

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