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EPISODE · Jul 2, 2025 · 27 MIN

Continental Drift

from Macro Minutes

In this episode, Elsa, Peter, and Blake discuss the weakening of the USD, the outlook for the Fed and UST markets as well as the cross implications of both developments on the ECB and European rates.Participants: Elsa Lignos (Desk Strategy), Head of FX StrategyBlake Gwinn (Desk Strategy), Head of US Rates StrategyPeter Schaffrik (Desk Strategy), Head of UK/European Rates & Economics* Research Analyst opinions are their published views, independent of those expressed by Desk Analysts

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Continental Drift

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This episode was published on July 2, 2025.

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In this episode, Elsa, Peter, and Blake discuss the weakening of the USD, the outlook for the Fed and UST markets as well as the cross implications of both developments on the ECB and European rates.Participants: Elsa Lignos (Desk Strategy), Head of...

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