ab Global Research and Evidence Lab 19 April 2024 Global Rates Strategy Interest Rates Rates Map: Pricing risk of US "no landing" Europe including UK Emmanouil Karimalis Strategist ˜ Market's increasing confidence about a "no landing" scenario for the US emmanouil.karimalis@ubs.com +44-20-7567 8000 economy, coupled with the ECB's readiness to cut rates in June, suggests that the divergence between US and EUR rates is likely to persist for longer. Reinout De Bock Strategist ˜ While the current market pricing ...