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ECB board members Isabel Schnabel and Philip Lane pledged to keep borrowing costs low as euro area bond yields rose, partly driven by US Treasury yields. Schnabel said the focus should be on real rates, warning that an abrupt rise could jeopardise recovery.
The comments had little immediate market effect.
Rising yields and a firmer dollar tighten global financial conditions, a macro headwind that can pressure commodity prices and emerging-market currencies.
brecorder.comReutersFeb 25, 2021After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
