Analysis: Interest Rates

The bond market welcomes the Democrats' victory

The bloodbath in stocks was cushioned by the rise in bonds.

Solid US employment figures make the case for tighter monetary policy

The official employment report released today illustrates the strength of the US labor market, but also tends to bolster the case for tighter monetary policy by the Federal Reserve, economists say.

The Bank of England has a message to deliver

The Bank of England raised its base rate from 3.75% to 4% on Thursday, for the first time in three years. The move was in line with economists' forecasts, but it was accompanied by a more hawkish...

Bank of England raises base rate

At its meeting, which ended on November 4, the Bank of England's Monetary Policy Committee said that it had voted, by a majority of eight to one, in favor of raising its base rate by 25bp to 4%. One...

Klaas Knot in race to succeed Christine Lagarde at ECB

European Central Bank President Christine Lagarde announced at the end of October that she will leave her post on February 7. Unsurprisingly, the Netherlands has officially put forward Klaas Knot, the...

Canada: Macklem brandishes threat of further rate hikes

A week after raising its policy rate to 2.5%, the Bank of Canada remains ready to act against inflation. However, uncertainty calls for caution.

Lazard Frères Gestion: "French debt is worrying, but corporate strength is reassuring"

In September to October 2026, France's borrowing rate saw a highly publicized increase: the French 10-year yield exceeded 5%, reaching its highest level since 2002. The yield spread of the 10-year OAT...

Christine Lagarde's departure eclipses ECB's rate hold

While the ECB's decision to leave interest rates unchanged was widely expected, it is above all the announcement of Christine Lagarde's upcoming departure that is attracting attention today and...

ECB leaves rates unchanged, Christine Lagarde to leave in February

As widely expected, today the Governing Council decided to leave unchanged the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility, at 2.50%,...

Christine Lagarde opts for early retirement at ECB

European Central Bank President Christine Lagarde will leave her post on February 7. She officially notified the Governing Council and European Council President Antonio Costa. The Governing Council...

The New Fed Looks Like the Old One

Kevin Warsh had promised to revolutionize the Fed, although he remains a prisoner of the old rulebook.

Fed leaves rates unchanged, but adopts a more wait-and-see tone

The US Federal Reserve left its policy rates unchanged Wednesday in a range of 3.75% to 4%, after raising them by 25 basis points in September, a widely expected decision just days before the midterm...

The Bond Market, the ECB's Best Mate

Despite inflation hitting a 3-year high, the ECB is expected to opt for a status quo on Thursday.

OAT relaxes (a bit)

The major bout of stress in the French bond market has eased in recent days, with the 10-year debt yield falling back below the symbolic 5% mark Monday morning. On Friday, ratings agency Moody's chose...

Bond markets: why higher rates are here to stay (DNB AM)

Bond markets have undergone profound changes in 2026. In the US, yields have risen sharply, while the yield curve has flattened. The yield on two-year US Treasury bonds is approximately 1.4% above its...

Fed and ECB: Towards a Status Quo in October Despite Inflation Surge

Despite persistent inflation, the Fed and ECB are expected to keep their policy rates unchanged in October. The surge in bond yields is already tightening financial conditions, limiting the need for...

Fed and ECB: October rate hold despite inflation surge

Despite persistent inflation, the Fed and ECB are expected to keep their policy rates unchanged in October. The surge in bond yields is already tightening financial conditions, limiting the need for...

The OAT breaks above 5%: France pays the price of political instability

The reprieve did not last long for the French bond market. After the calm at the end of last week, weekend riots put the system under renewed strain. The 10-year OAT yield briefly moved above the...

Franklin Templeton sees no rate hike in October despite inflation

US inflation is proving stronger than expected, based on the September consumer price index , a report that keeps pressure on the Fed according to CPRAM, but does not point to a rate hike at the end...