Possible Overestimate of ECB Rate Hikes Leaves Short-, Medium-term Bonds Attractive
Dow Jones
Jul 23
1319 GMT - Markets might be overestimating how much the European Central Bank will raise interest rates, UBS Global Wealth Management's Dean Turner says in a note. As a result, UBS GWM continue to favour high-quality eurozone bonds, particularly in short- and medium-dated maturities, he says. "Markets currently appear to be pricing a more aggressive path for ECB rates than we expect," the chief eurozone and U.K. economist says. Unless energy prices retreat meaningfully, the ECB is likely to resume its tightening cycle at its September meeting before moving to a more prolonged pause, Turner says. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
July 23, 2026 09:19 ET (13:19 GMT)
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