The intra-week rebound in global benchmark treasury yields was rather short-lived. Yields in Germany, US and Japan then turned south after ECB's decision on PEPP purchases. That came even though CPI jumped to 13-year high. It remains to be seen of investors are giving a strong node to central bankers' view that it's transitory. Swiss Franc, Dollar and Yen ended the week as best performers, following the decline in yields. New Zealand and Canadian Dollar are the two weakest. That came even though both respective central banks indicated rate hike next year. BoC also hinted on more tapering in July. Focus will now turn to FOMC meeting this week, and see if Fed could give Dollar another lift. Also, Franc will look into how SNB would talk down it's appreciation. |