1405 GMT - Goldman Sachs Asset Management holds lower conviction on European short-end rates, given the lack of a clear directional skew, and prefers steepener positions, says Simon Dangoor in a note. "We prefer steepeners given the additional issuance to finance fiscal expansion in Germany," the head of fixed income macro strategies says. The preference for steepening positions, with a bet on a wider between short- and long-end yields, is also due to a likely higher term premium, he says. A rise in term premium would result from an improved medium-term growth and inflationary outlook, he says. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
March 06, 2025 09:05 ET (14:05 GMT)
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