Yield and credit curves flat in several markets
Eurozone inflation eased back to a rate of just 1.1% in February. As in the US, there is some indication of a modest pick-up in wage growth, and this has in the past been closely associated with the rate of inflation in the service sector.
ECB to extend APP to end of 2018
We had a glimpse of the potential market implications of a more eurosceptic Italian government in recent weeks.
2018 has seen another spring dominated by political manoeuvrings, in particular the return of 'The Italian Question'.
Monetary policy killed the market-based economy