Market Wrap-Up: Bonds Rally, European Stocks Gain, Deutsche Bank Fears Overblown, and Bond Yields Climb.
TL;DR Summary
Bonds made cautious gains after friendly inflation data, with PCE being a bigger factor than Consumer Sentiment inflation expectations. Month/quarter-end positioning may have contributed to the week's resilience in US bond markets. 10-year bond yields were down 6bps at 3.486, and MBS were up a quarter point.
- Bonds Rally on Month-End Trading and Friendly Inflation Data Mortgage News Daily
- European stocks log gains of over 7% for the first quarter despite turmoil in the banking sector CNBC
- Market fears over Deutsche Bank overblown, experts say S&P Global
- European shares end volatile quarter higher Reuters
- And.. bond yields climb back higher after the dip ForexLive
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