Rates Spark: The EUR Curve Is At A Delicate Balance

ING Economic and Financial Analysis5.29K FollowersFollow5ShareSavePlay(4min)CommentsSummaryThe front end of the EUR curve is sticking to a very stable linear relationship with oil prices, but the back end dynamics are more complex.While higher oil prices have bear flattened the curve at an increasing pace, the narrative of a longer supply disruption has upset that dynamic as of late.The oil impact moves into focus with Spain the first eurozone country to release flash CPI data for March. Jacques LOIC/Photononstop via Getty Images By Michiel Tukker, Senior UK & Eurozone Rates Strategist | Benjamin Schroeder, Senior Rates Strategist Longer EUR rates cannot keep up if oil pushes much higher Hopes of a near-term resolution to the MiddleThis article was written byING Economic and Financial Analysis5.29K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.