ING Group NV ADRING
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ING's Chris Turner argues that the French debt sell-off has broken the narrative of ever-higher short-term rates and raised doubts about further European Central Bank tightening. The French risk premium is weighing on the Euro, according to Turner. The sell-off has cast doubt on the prospect of additional ECB rate hikes.
ING Group NV ADR
ING Groep NVFrench debt sell-off raises doubts about further ECB tightening, weakening the case for higher policy rates.
French debt sell-off widens the French risk premium, pushing the 10Y yield higher.
French risk premium and doubts over ECB hikes weigh on the euro.