Rates Spark: Hawkish Sentiment Helps The Long End Stay Anchored
ING Economic and Financial Analysis·2026-06-19·via All Articles on Seeking Alpha
Summary
Despite lower oil prices, markets are holding onto the prevailing hawkish narrative, limiting the downside risks to rates.
Hawkish central bank pricing actually helps contain the upside risks to longer rates, as long-term inflation expectations are kept well-anchored to 2%.
In primary markets, Italy will conclude its sale of the BTP Italia Si retail bond for which the Tesoro has already collected orders of close to €8bn so far this week.
