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Goldman Look For Q2/Q3 GDP & Inflation As Next Drivers For Cheapening

US TSYS

Outside of fiscal matters, Goldman Sachs note that "deterioration on the public health front and delays in vaccination programs could create some near-term weakness in data. Our Options-implied Positioning Indicator suggests sentiment is very bearish and at levels that typically result in a reversal (though our more medium term filtered CFTC indicator suggests such a reversal could prove temporary). The catalysts for a more sustained move higher in rates from current levels, in our view, will be the strong growth and inflation data that our economists expect in the second and third quarters."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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