Global Rates – Discussing the divergent drivers of US and EUR breakevens

Rates strategists Francis Diamond and Phoebe White discuss their latest views on global inflation markets. The past few weeks have seen divergent performances in DM inflation breakevens with HICP swaps across the curve rising following the German fiscal announcement whilst other DM breakevens fell. Outside the HICP space, front-end breakevens appear cheap on a valuation basis.

 

Speakers
Francis Diamond, Head of European Rate Strategy
Phoebe White, Head of Inflation Strategy

 

This podcast was recorded on March 21, 2025.

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