Rates De-stress as Summer Begins?

- "Yet US rates still head into month-end with a tight & low range?"
- "It now appears that the consensus has come around to our view that rates, especially at the front end, could remain anchored for some time and that a further flattening of the curve is likely."
- "The summer doldrums seem to be fast approaching with the Fed and the EU stress tests now out of the way, leaving the search for themes tougher than ever. Our core view hasn’t changed and the slow pace of the next few months should keep our central themes intact."
Nomura Rates Radar 20100723