Wednesday, October 5, 2016

Bonds were sold off amid whispers that the ECB will taper bond purchases at a monthly rate of EU





FX Research
by Saktiandi Supaat


Talks of ECB Tapering





Bonds were sold off amid whispers that the ECB will taper bond purchases at a monthly rate of EUR10bn a month before the end of quantitative easing. On the other hand, the unidentified officials who were cited also do not want to rule out that QE could still be extended past the Mar 2017 at full pace. Talks of tapering drove up global yields overnight. The Euro 10yr yields rose around 6bps from its overnight lows. Even UST 10yr yields shot higher towards 1.7% ...



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