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3 Numbers: Eurozone political risk may drive down German yields
Wednesday’s a slow day for economic releases. While we’re waiting for the macro numbers to start rolling in again on Thursday, let’s review some of the more topical market trends of late, including the German 10-year yield, Brazil’s stock market, and the South African rand. Germany: 10-Year yield Worries over upcoming elections in France appear to be driving investors into the safe-haven trade of German bonds. The catalyst: recent polls favouring Marine Le Pen, the far-right politician who wants France to leave the European Union, in the presidential election that’s scheduled for April. A Frexit, some ... (full story)