Reply To: Market Wrap – Markets Bounce Despite 10 Year Rates Surge May 3 2022


German Chancellor Scholz said that sanctions on Russia will not be lifted until the country signs a peace deal with Ukraine.
Italy’s Prime Minister Draghi indicated that another EUR14 bln will be spent on energy and will be financed by higher taxes on energy producers.
British Prime Minister Johnson rejected the idea of a windfall tax, saying that it would discourage investment.