June 23, 2024

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Europe’s Bond Bulls Pin Hopes on a Sharp Inflation Slowdown

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European bond bulls are counting on slowing inflation to reinforce their view that a downturn is on the way.

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(Bloomberg) — European bond bulls are counting on slowing inflation to reinforce their view that a downturn is on the way.

Money managers at J.P. Morgan Private Bank, Blackrock Inc. and Baring Investment Services Ltd. say there’s a stronger case for buying European bonds as the economy weakens. They’ll be closely watching the inflation report on Tuesday, which is expected to show that price growth dropped to 3.1%, the lowest level in more than two years, according to economists surveyed by Bloomberg.

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Bloomberg News

2023-10-29 04:50:57

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