11 June 2021
4 min read
Inflation? Completed it mate
Yesterday's inflation print (that everyone knew was coming) led yields lower.
This is still in play...
Real yields fell too...
It would be no surprise to see gold push on further.
There's nothing gold loves more than 10Y real yields close to -1%
The ECB were as dovish as always, and the September meeting is now the focus for taper talk...
As ING noted:
The 9th September meeting could be the moment at which the ECB will at least start
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