BoE FPC Minutes: Investor sentiment relating to risky credit markets, particularly private credit, had worsened before the conflict started
The BoE Financial Policy Committee minutes highlight that investor sentiment toward risky credit markets, notably private credit, had deteriorated ahead of recent conflicts, which suggests underlying vulnerabilities.
Germany sells EUR 3.025bln vs exp. EUR 4.0bln 2.50% 2032 Bund: b/c 1.11x (prev. 1.51x), average yield 2.78% (prev. 2.60%), retention 24.3% (prev. 20.1%)
[MARKET ANALYSIS] Fixed income benefitting from lower energy prices as hawkish pricing pares back slightly
BoE FPC Minutes: Investor sentiment relating to risky credit markets, particularly private credit, had worsened before the conflict started
UK PM Starmer says the fuel duty will remain where it is until September
[MARKET ANALYSIS] DXY slips on a "de-escalation" trade, ADP Employment ahead
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This could imply a heightened caution from the BoE and potentially influence their policy stance as they assess the broader economic impacts of geopolitical tensions. Expect market participants to weigh these insights against risk appetite and future rate guidance.
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