Risk soured overnight with weak demand seen at the French and Spanish auctions, triggering a rise in global yields.

GBL: Yields Are Rising

Global Markets Daily by Saktiandi Supaat

FX Research

Risk soured overnight with weak demand seen at the French and Spanish auctions, triggering a rise in global yields. Equities also corrected, starting from the European markets which extended into NY session. To be sure, there were some hawkish bets on ECB that were realized as EUR was bought in late Asian hours ahead of the ECB Minutes release. The statement “if confidence in the inflation outlook improved further, the case for retaining this bias could be reviewed," in its policy accounts ...