EU Inflation Rate YoY Final (Mar) Y/Y 2.6% vs. Exp. 2.5% (Prev. 1.9%, Low. 2.5%, High. 2.6%)
The final EU inflation rate for March came in at 2.6%, slightly above expectations of 2.5% and noticeably higher than the previous rate of 1.9%.
WSJ Fedwatcher Timiraos notes that the underlying legal question of what happens when a Fed chair's term expires without a confirmed successor remains unsettled
UK sells GBP 900mln 1.875% 2049 I/L Treasury Gilt: b/c 3.20x (prev. 3.39x), real yield 2.165% (prev. 2.36%)
EU Inflation Rate YoY Final (Mar) Y/Y 2.6% vs. Exp. 2.5% (Prev. 1.9%, Low. 2.5%, High. 2.6%)
France sells EUR 12.994bln vs exp. EUR 11-13.0bln 2.40% 2029, 2.70% 2031, 0.00% 2032 and 3.00% 2033 OAT
Iran's Embassy in the UK posts that "if you [Europe] don’t stop this now, don’t be surprised when the consequences reach Europe next."
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This uptick reinforces the narrative of rising inflation in the Eurozone, which may influence ECB policy decisions and impact forex markets as traders reassess rate expectations following this stronger-than-anticipated data.
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