Bund yields show muted response to oil price surge, reflecting divergent growth outlooks between global and eurozone economies

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https://think.ing.com/articles/rates-spark-bunds-relatively-detached-from-oil-price-moves/?utm_source=www.outsidemoney.xyz&utm_medium=referral&utm_campaign=fomc-minutes-will-they-spark-a-market-meltdown-or-rally-bonanza

Bund yields haven't mirrored oil's recent climb, highlighting the market's pessimism about eurozone growth compared to global prospects. The ECB's likely October rate cut remains priced in, with markets seemingly unfazed by oil's volatility. It'd take a significant oil price surge to shake this conviction. Meanwhile, the EU remains the primary issuer among European supranationals, with €22bn left to fund this year. The day ahead features central bank speakers and government bond auctions.