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FPXE - Rates Spark: Between A Rock And A Hard Place
First Trust IPOX Europe Equity Opportunities ETF
Rates are caught between improving macro conditions, mostly benefitting EUR rates, and greater risk aversion, mostly impacting US rates.
The result is large movements but little direction. This morning, interest rates are back where they started the week after significant gyrations in recent days.
We see the US curve flattening in most configurations.