LevFin Wrap — Time for a Flutter
- 9fin team
High Yield Primary
A tale of two halves, August markets first rallied on expectations of peak inflation before falling away on reaffirmed hawkishness from the Fed and ECB. Wednesday’s August flash reading for Europe came in at 9.1% – the highest since the inception of the Euro – while 9 of the 19 Eurozone countries are now reporting HICP inflation above 10%.