Supply chain costs are mounting in all sorts of ways https://t.co/EAotSsFK1H pic.twitter.com/Lxc2iG6A2A
— Louis Curran (@CurrencyWar1) February 8, 2021
The reflation trade is spilling over into European rates markets.
30y EUR swap rates up 10bps last week, biggest jump since August. Inflation forwards rising. Curve steepening. Half of Wall Street is calling for more steepening to come. Let the games begin.
More on @markets pic.twitter.com/mHUp8sUBWC
— Stephen Spratt (@StephenSpratt) February 8, 2021