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(Bloomberg) -- One part of the European debt market is capturing the region's deepening economic pessimism more starkly than elsewhere. While the 30-year swap spread has also widened in the U.S., the move is lagging the European counterpart, resulting in a wider differential between the two spreads this month. [Extracted from the article]

(Bloomberg) -- Barely a fortnight ago, currency traders were fretting over the future of the euro. The median euro-dollar forecast for third quarter edged up in May, the first positive change this year, according to a Bloomberg survey. [Extracted from the article]

(Bloomberg) -- The biggest German bond rally in four years may have further to go, according to derivatives pricing. The bund option skew has steepened further Monday led by out-the-money call options Monday, from levels late last week, adding to signs that investors are positioning for more gains. [Extracted from the article]

"Near-term risks to inflation have receded due to weaker oil prices and a significantly improved monsoon", Tushar Poddar, an economist at Goldman in Mumbai, wrote in the report dated yesterday. "We think the Indian rupee will continue to trade in a narrow range, with the RBI intervening to prevent any sharp appreciation", Goldman's Poddar wrote. [Extracted from the article]