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Ralf Preusser, CFA Herve Belmas
document IMAGES-003-HOUSE_OVERSIGHT_014758.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…han a year. In Europe, the sell-off in rates (both Bunds and BTPS) is tightening monetary conditions at a time when the ECB should do more, not less. Finally, the Bo)’s yield curve control should provide an anchor for JGBs. Consequently we focus on the following three trades: 1...

target. It is possible that Trump’s election could weaken fiscal discipline in the Eurozone
document IMAGES-003-HOUSE_OVERSIGHT_014736.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…aken fiscal discipline in the Eurozone over the medium term, but we are more concerned by the non-trivial risk that the ECB may disappoint in the December meeting by either not extending quantitative easing (QE) beyond next March or announcing tapering prematurely. We like sellin...