Markets price sub-2% rates with German 2-year falling under 1.7%…
Something big just happened in Europe… and almost no one is talking about it.
Last week, the ECB cut rates again — their 7th rate cut since last June — and while that made headlines, the real story is what’s happening underneath the surface:
📉 Markets are pricing in sub-2%…
— Jeffrey P. Snider (@JeffSnider_EDU) April 19, 2025