Quotes by Marc Ostwald

“This was the deal that had been expected,”

“He might as well have just said we are going to raise rates by 25 basis points,”

“The result seemed to reflect a flight to quality in the light of what is happening in the stock market rather than a value judgement.”

“On the upside, the $1.1760-70 area represents the initial target and additional resistance is seen in the $1.1800 area.”

“Any surprises in the January CPI data from Bavaria and Brandenburg will clearly influence short-term rate expectations, with anything higher than expected likely to boost the euro.”

“We could get an IFO number above expectations, because data across the region is looking stronger. The market will be pretty pessimistic in that case, especially given the hawkish rhetoric weve had from the ECB.”

“Well get more buyers with yields around these levels. People wont want to call the end to the Fed rate cycle too quickly though, so I doubt well get a big rally.”

“The prospect now for any reform of Italys public debt must be close to zero. I wouldnt want to hold Italian bonds until they get to a spread that acknowledges those risks, and they certainly dont at the moment.”