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Published on Tuesday, December 13, 2016

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Market Comment | Yields retreat ahead of FOMC meeting, while Italian assets surge

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Summary

Financial markets turned more optimistic ahead of tomorrow’s Fed meeting (in which the market expects an interest rate hike with 100% probability) underpinned by the recent rally in Italian banks and the higher oil prices. Moreover, European sovereign yields also declined ahead of the FOMC meeting, led by Italy, helping equity indices to extend gains. […]

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