Padhraic Garvey - Profile and Journalist Details
Find journalists that align with your industry, location and vision. Unlock Padhraic Garvey's full journalist profile, including location, coverage topics, current employer, biography and preferences. Sign up today and start building journalist relationships that fuel your startup's growth.
Get connected with journalists today
Padhraic Garvey
Verified
Managing Director, ING Think
New York
Beats
crypto culture and musicTech government and policy
Industrial
Content
By Padhraic Garvey Verified| ING Think@ US Treasury yields have marched higher again – what's going on? The impact of tariffs was the discount for a recession and more rate cuts, typically deemed a good rationale to buy bonds. It still is, and could be in months to come. But for now, we've gone the other way. Treasury bond prices have been bullied lower in the past few days, and yields have shot higher, not what would typically be expected on the build of a material recession risk. So what's driving this? Here's how we see it.
By Padhraic Garvey Verified, Michiel Tukker, Benjamin Schroeder| ING Think@ A pause for now is good news for the eurozone and the 10Y swap rate is back at levels from before "Liberation Day". The significant rise in UST yields played an important role in this. The front end of the curve still trades at lower rates, reflecting the still-outstanding risks on investors’ minds. Markets are reverting to an ECB landing zone between 1.75-2%, a range which was held for many months previously. But we remain wary that the situation could easily worsen again.
By Padhraic Garvey Verified| ING Think@ US Treasury yields have marched higher again – what's going on? The impact of tariffs was the discount for a recession and more rate cuts, typically deemed a good rationale to buy bonds. It still is, and could be in months to come. But for now, we've gone the other way. Treasury bond prices have been bullied lower in the past few days, and yields have shot higher, not what would typically be expected on the build of a material recession risk. So what's driving this? Here's how we see it.
Company Info
ING Think
Amsterdam, North Holland, Netherlands
+31 20 563 9111