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Unofficial Eurozone wage data may suggest higher front-end #yields Unofficial data may make #ECB rate-cut hopes optimistic, and front-end #bonds yields look rich. Indeed's wage tracker, the only pay data the central bank will get before it meets again (before official 2Q numbers), shows wages plateauing, and confirms that June's cut came without the hoped-for backing of pay restraint. Read from our European Rates Strategist Huw Worthington on the terminal here - https://lnkd.in/eRA3EPTN #rates #fixedincome #inflation #portfoliomanagement

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