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Yields remain in focus ahead of key rate decisions later this week


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Molecular Partners [MOLN.CH] +5% (trial),
AstraZeneca [AZN.UK] -1% (Ireland suspends use of vaccine)
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Speakers
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BOE Gov Bailey0reiterated stance that current lockdown was having less effect on economy compared to a year ago. Had a more balanced picture on risks and could see a spending of savings and viewed as an upside risk. Very helpful that furlough scheme to extend beyond end of covid restrictions. Would expect a pickup in inflation towards 2% in the coming months; but question was whether such gains are sustainable; not expecting inflation to rise to 4.0-5.0% area. BOE is not out of tools or firepower ....

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