US pragmatism, European gloom
Snafu. The familiar acronym sums up the weary realism and humour of the soldier faced with a situation that is as bad as usual. And snafu pretty much sums up the European and US bond markets this week.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts