WS #16562
The Bank of Japan has confirmed that underlying inflation has reached its 2% target and signaled a hawkish stance on future policy, while simultaneously accelerating ETF purchases. This move has contributed to a decline in US Treasury yields to multi-week lows as markets price in a global shift away from rate hikes. In Europe, Monte dei Paschi investors rejected a defense plan against Intesa, highlighting ongoing volatility in the financial sector's M&A landscape.
Global Macro and Central Bank Policy
The Bank of Japan has confirmed that underlying inflation has reached its 2% target and signaled a hawkish stance on future policy, while simultaneously accelerating ETF purchases. This move has contributed to a decline in US Treasury yields to multi-week lows as markets price in a global shift away from rate hikes. In Europe, Monte dei Paschi investors rejected a defense plan against Intesa, highlighting ongoing volatility in the financial sector's M&A landscape.