European equity markets are sold out across the board, as global equity markets came under pressure from rising yields and heightened expectations, hitting technology stocks in particular. In this environment, strong data releases only add pressure rather than lift sentiment on stocks and the GER30 and UK100 are currently down -1.2% and -0.8% respectively. Core EGBs were little changed, with the 10-year Bund yield falling -0.4 basis points to -0.033% after the paper erased earlier losses. the German 10-year-old clearly preparing to break negative territory for first time since early 2019, but not quite as far as it seems. the […]
