HSBC's Major: Bundesbank Preparing for Higher Rates

The transcript discusses the ongoing currency war and potential interest rate changes, focusing on the ECB's role in European politics and its impact on bond markets. It explores various scenarios for the bond market post-QE and highlights the challenges of achieving inflation targets in Germany and the Eurozone. The discussion emphasizes the political and economic complexities of maintaining a single currency without a fiscal union.

What are the potential implications of the ECB's current bond-buying strategy on yield spreads in Europe?

Discuss the challenges of having a single currency in the absence of a fiscal or political union in Europe.

How might the German central bank prepare investors for changes in bond yields?

How does the current inflation trend in Germany compare to the overall Eurozone inflation?

What factors contribute to the difficulty of achieving a 2% inflation target in the Eurozone?