In a parallel universe, England would be celebrating lifting the European football crown with a public holiday and joyfully lifting all COVID-19 restrictions for a much-anticipated Great British Summer. In short, Freedom Day.
With daily infections now north of 50,000, Britain's mood could switch swiftly from 'Love Island' to 'I'm a Celebrity...Get Me Out of Here'. Sure, the reasons behind the recent bond rally are not fully explained but an unnerving 'peak growth' and 'peak stimulus' narrative has found its way into market commentary and research.
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