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Political turmoil and monetary policy divide US and Europe

Political turmoil and monetary policy divide US and Europe

Gavan Nolan, IHS Markit

In the credit world, however, they are closely correlated, reflecting the global scope of corporates on both sides of the Atlantic.

But the two markets don’t always move in tandem. The recent political turmoil in Italy was the catalyst for a reversal in the usual relationship

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