Euro Zone Bond Yields Shift as ECB and Fed Policies Diverge ...Middle East

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Euro Zone Bond Yields Shift as ECB and Fed Policies Diverge
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Euro area benchmark Bund yields edged down from three-week highs ahead of the European Central Bank wage tracker and Purchasing Managers' Index (PMI) data which could affect the monetary policy path. Wednesday's inflation figures from the UK led investors to discount less than 65 basis points (bps) of ECB rate cuts in 2024 for the first time this year. Federal Reserve minutes showed policymakers acknowledged disappointment over recent inflation readings.

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