在欧洲央行董事会成员Isabel Schnabel警告6月后不要进一步降息后,意大利10年期BTP收益率升至3.8%,远离5月15日达到的3.7%的4周低点。在一次采访中,Schnabel表示,根据数据和新的欧元体系工作人员预测,6月份的降息可能是合理的,然而,她强调了6月份之后的不确定性,强调了实现稳定通胀的困难。另一方面,本周公布的美国数据显示,4月通胀和经济增长放缓,提高了美联储降息的预期。市场目前预计,2024年欧洲央行将降息68个基点,低于周四的72个基点,美联储将降息46个基点,高于前一交易日的50个基点。
The Italian 10-year BTP yield rose to the 3.8% level, moving away from the 4-week lows of 3.7% reached on May 15th, following remarks by ECB board member Isabel Schnabel, who cautioned against further rate cuts after June. In an interview, Schnabel suggested that a rate cut in June might be justified based on data and new Eurosystem staff projection, however, she highlighted the uncertainty beyond June, stressing the difficulty of achieving stable inflation. On the other hand, US data released this week indicated a slowdown in inflation and economic growth for April, raising expectations for Federal Reserve rate cuts. Markets are now pricing in 68 basis points of ECB rate cuts in 2024, down from 72 basis points on Thursday, and 46 basis points for the Fed, down from 50 basis points in the previous session.