Discover and read the best of Twitter Threads about #fgbl_f
Most recents (2)
1/ German IFO ... the good, the bad and the ugly
current sentiment picked up (not interesting)...
expectations deteriorating further (much more interesting)
[therefore Sentiment index tick better/nearly unchanged]
current sentiment picked up (not interesting)...
expectations deteriorating further (much more interesting)
[therefore Sentiment index tick better/nearly unchanged]
2/ ... manufacturing keeps plunging (as seen in latest flash M.PMI 41.4
Service sector in the overall downtrend picked up slightly (yeah)
Trade keeps nose-diving
and construction (after ZIRP induced parabola) lost momentum and is sideways
Service sector in the overall downtrend picked up slightly (yeah)
Trade keeps nose-diving
and construction (after ZIRP induced parabola) lost momentum and is sideways
3/ ...so the IFO "business clock" continues to be in the downturn , although one can detect a slight deviation
interesting and rare divergence currently between apparently rebounding inflation expectations and bond price action (yields -0.39%) in Germany 🧐
if it’s too obvious, then it’s obviously right. or is it ?
#FGBL_F #BUNDs
if it’s too obvious, then it’s obviously right. or is it ?
#FGBL_F #BUNDs
personally, I think infl exp will come down again, given the 💩 state of global, EU and German growth expectations: ESI and PMI...
but Bunds are not on a one way street either... temporary rich
but Bunds are not on a one way street either... temporary rich
US not as diverged as Germany, but I read them both as a possible further consolidation in TNotes and Bunds.
