Report
Patrick Artus

Why has the daily variability of long-term interest rates increased since 2021 in the euro zone and, to a lesser degree, in the United States?

Short-term, daily variability in long-term interest rates has increased significantly since 2021 in the euro zone and, to a lesser degree, in the United States. We can think of two possible explanations for this development: Increased uncertainty about the future level of inflation, monetary policy and long-term interest rates; An increase in herd behaviour among investors, which is consistent with the reduced information available to each investor on the future level of long-term interest rates .
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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