Bank of America lifts Germany's 10 year yield target to 3% citing stronger growth
Newsquawk Staff ·
Bank of America lifts Germany's 10 year yield target to 3% citing stronger growth.
What it means
Bank of America's upward revision of Germany's 10-year yield target to 3% indicates increased confidence in stronger economic growth. This adjustment suggests a potential shift in market expectations towards higher rates, which may affect the broader fixed income landscape, including yields across other European sovereigns.
- JPMorgan Chase (JPM) reportedly faces an additional GBP 100-150mln tax bill following the UK government's decision to double the corporation tax surcharge on banks, potentially jeopardising plans for its new London headquarters, Sky News reports
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- US Broker Moves: ENPH and DYN downgraded at Oppenheimer; FFIV downgraded at Piper Sandler
- EUROPEAN OPEN: SKHY surges after Q3 profits; EQNR NO lifts FY production view; UBSG SW Q3 net income miss; DBK GY posts third straight record profit; MBG GY Q3 revenue & earnings fall; ULVR LN raises FY volume growth view; GSK LN Q3 profit & revenue beat
- Intesa Sanpaolo (ISP IM) receives ECB approval for its Monte dei Paschi (BMPS IM) bid
Related headlines
- JPMorgan’s (JPM) 270 Park Avenue headquarters in Manhattan is estimated to cost approximately USD 6bln, WSJ reports5 hours ago
- [MARKET ANALYSIS] A busy morning for EU banking names, with tech stocks supported by upbeat SK Hynix earnings5 hours ago
- Santander (SAN SM) Q3 (EUR) net 3.43bln (exp. 3.41bln), rev. 16.0bln (prev. 15.3bln Y/Y)9 hours ago
- Germany sells EUR 3.89bln (exp. 5.5bln) 2036 Bund: b/c 1.15x (prev. 1.16x), average yield 3.37% (prev. 3.58%), retention 29.3% (prev. 24.1%)4 hours ago
- US sells USD 70bln of 5-year notes; Tail 0.4bps22 hours ago
- Auction history: US is to sell USD 70bln in 5-year notes at 17:00GMT/13:00EDT22 hours ago
- PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: SK Hynix earnings in focus15 hours ago
- BoC Deputy Governor Rogers says uncertainty over the economy is hanging over the Canadian housing market24 min ago
- [MARKET ANALYSIS] UK Budget, 2026: No fireworks from Chancellor Healey, major reform kicked to 2027+, DMO skewed away from the long-end once again26 min ago
- Atlanta Fed GDPNow (Q3) 3.3% (prev. 3.4%)27 min ago
- BoC Governor Macklem says Canada is seeing increased investment in the energy sector; policy rate remains low enough not to restrain economic growth, even after the latest hike35 min ago
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings1 hour ago
- BoC MPR: Raises 2026 GDP forecast to 1.0% from 0.7%, 2027 and 2028 GDP raised to 2.0% from 1.8% 1 hour ago
- Canadian BoC Interest Rate Decision 2.5% vs. Exp. 2.5% (Prev. 2.25%)1 hour ago
- [MARKET UPDATE] Limited Gilt reaction on the Chancellor's speech. Upside in Gilts on the DMO remit, size as expected and marked skew away from long-end. OBR commentary then pared some of this.1 hour ago