Report
Bruno Cavalier

Fed’s memo to the ECB: “my rates, your problem”

There are two types of central bankers in the world. On the one hand, those who believe that the recent rise in long rates is broadly justified. This is the Fed’s case, at least it has been thus far. On the other hand, those who think the opposite. This is the case of the ECB, exasperated to see European rates rise, not as a sign of a robust recovery, but by contagion from the bond correction in the US. This shock is tightening financial conditions, modestly it is true, but at an...
Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Bruno Cavalier

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