Bond Traders Fear ECB Hawks as Energy Jitters Return to Europe
- Gauge of future European inflation risk is steadily climbing
- ING and Rabobank caution on bond-steepening trades, ECB policy
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Freezing winter weather seems a remote concern as Europe swelters, but traders and strategists got a reminder last week of the continent’s fragile energy security and bond-market risks.
Spot natural gas prices leapt almost 30% in one day after strike threats in Australia jolted investors.