Treasury Bills are approaching 3% again due to the global selloff in debt securities. The bond market faces a widespread selling trend that affects the major global financial markets.
Investors are once again confident that the European Central Bank (ECB) will raise interest rates at its next meeting. This expectation emerged following the publication of data on inflation in the eurozone.
Consumer prices in the eurozone rose 3.3%, a figure significantly above the target set by the ECB. In Spain, the situation is even more severe, with inflation at 4.3%.
This level represents more than double the 2% target that the institution led by Christine Lagarde aims to achieve, which reinforces the pressure for further rises in European interest rates.
