fxstreet.com 08 Feb, 2021 07:15 am

Market rally despite cheap vaccine's trouble to fight virus mutation

Market rally despite cheap vaccine's trouble to fight virus mutation
Today we get have interesting data out of Denmark. Demand indicators suggest we will see both industrial production and exports at decent levels. We a

Furthermore, the curves steepened as the 2-10Y US Treasury curve steepened some 7-8bp, while 10-30Y US Treasury curve steepened 3-4bp.Demand indicators suggest we will see both industrial production and exports at decent levels.We also get industrial production from Germany.AstraZeneca's vaccine is cheap and easier to handle so this is especially bad news for developing countries, not least in Africa.

On a positive note, UK regulators say that the AstraZeneca vaccine is also effective in the elderly, see Reuters.FI: The sell-off in the bond market continued last week as 10Y Treasuries rose some 10bp during the week, while Bunds rose 7bp.

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