Rates Spark: The Impact Is No Longer Transitory

ING Economic and Financial Analysis5.24K FollowersFollow5ShareSavePlay(4min)CommentsSummaryIn our updated scenarios we see oil prices remaining elevated for longer in our base case, which could eventually weigh on growth and thus rates.In a tail risk scenario whereby the full supply disruption lasts until May, we even pencil in an ECB hike. But also, in this scenario, we end the year with lower rates.A relatively light day in terms of data, and thus geopolitics will likely continue to drive markets. Andrii Dodonov/iStock via Getty Images By Michiel Tukker, Senior European Rates Strategist and Padhraic Garvey, CFA, Regional Head of Research, Americas The US 10yr yield heads to the 4.25%-4.5% zone, and then back down As a consequence of theThis article was written byING Economic and Financial Analysis5.24K 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.