Europe's mixed fortunes


2007 will be remembered as the year when conventional yield curve and spread models stopped working - or at least needed considerable refinement to account for immense structural shifts that started unfolding last summer.

Fundamental macro developments, particularly a global recession, remain important drivers for yields in Europe. Yet other factors relating to credit, liquidity and funding issues have become equally important in shaping the European interest rate landscape.

Where will it all end?

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: