Archive: https://archive.is/20250306051625/https://www.ft.com/content/2e8109e6-d56b-4c3f-824d-2933eaff1242

“You’d be hard pressed to find another period where the disparate trends across the Atlantic have switched gears like this so profoundly,” said Robert Tipp, head of global bonds at PGIM Fixed Income.

The US had hit a “saturation point” where headlines on tariffs and lay-offs had created a “budding economic pessimism” that had sent investors rushing for haven assets, he added. “Right at that moment, Europe has switched to stimulus.”