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b'Wednesday 9th February 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9In the absence of any big statistical releases markets are treading water ahead of US CPI numbers later in the week. US 10-year Treasury yields hit a two-year high for a short while, whilst equities have been choppy in face of all the uncertainty. How much will the Fed lift rates in March? What will be the end rate? NAB\\u2019s Ray Attrill says focus is now also shifting to the actions of the ECB. Even though Christine Lagarde is still talking about a gradual shift in policy, other ECB members are not so sure and European bond yields have been rising accordingly. Much of the focus today will continue to be on inflation prospects, in the NAB Business Survey and in the NFIB small business survey.

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