A hawkish ECB and 10-year US Treasury yield near 5%

US and European bond yields rose sharply as investors priced in higher inflation amid this week's rise in oil prices. The 10-year US Treasury yield approached 5%, but the increase in bond yields was truly global, weighing on global equities and precious metals. Despite the broader risk-off tone, AI-related investment remained a constructive theme, supported by Oracle’s results and Microsoft's data centre expansion plans. David Kohl, Chief Economist, discusses the ECB’s hawkish message and key considerations ahead of next week’s Fed meeting.

• (00:00) - Introduction: Lucija Caculovic, Product & Investment Content
• (00:42) - Markets wrap-up: Mike Rauber, Product & Investment Content
• (06:46) - ECB and US inflation data: David Kohl, Chief Economist
• (15:03) - Closing remarks: Lucija Caculovic, Product & Investment Content

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