
WTF Just Happened Inside European Banks?
From Eurodollar University by Jeff Snider
June 3, 2026 · 21 min · Episode 1402
About this episode
The episode discusses the seemingly irrational behavior of European banks in the context of rising ECB policy rates and inflation.
European banks are doing something that looks irrational. The European Central Bank is increasingly likely to raise its short-term policy rates again. Oil prices are still elevated. Energy costs are feeding into headline inflation. ECB officials keep coming on hawkish. And normally, if you believe short-term rates are going higher, the last thing you’re going to do is rush into government bonds. But European banks are doing exactly that. And in huge amounts. Eurodollar University's Money & Macro Analysis ------------------------------------------------------------- If you have a retirement account and you’ve been wondering whether crypto belongs inside it, BlockTrustIRA is something worth looking into. Most crypto IRA platforms are self-directed. They give you access, but you still have to decide what to buy, when to sell, and when to rebalance. BlockTrustIRA is different. Right now, eligible viewers can get up to a $2,500 crypto bonus when they open and fund an account. Terms, conditions, funding minimums, and eligibility requirements apply. To learn more, go to https://eurodollarcrypto.com. This is a Paid advertisement. Not financial, investment, tax, or retirement advice…
People in this episode
Host: Jeff Snider
Topics covered
- European banks
- ECB policy rates
- inflation
- government bonds
- energy costs
Keywords
- European banks
- ECB
- inflation
- government bonds
- energy costs
- crypto IRA
- BlockTrustIRA
Sponsors
BlockTrustIRA
Mentioned in this episode
Organizations: European Central Bank
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