The ECB takes the bull by the horns. The Fed will likely be forced to follow
The ECB has already started to increase its asset purchases in order to address rising bond yields. There has been a curious respite on the…
This was to be expected: market participants are waiting for tomorrow and the parallel releases of US inflation figures as well as the ECB’s decision on bond purchases. Meanwhile, very few notable news, although bond yields have lost some basis points, the US 10y falling to a 3-month low, below 1.52%. The EUR/USD exchange rate is rather stable, slightly below 1.22. Chinese price data confirmed upward price pressures in industry. Otherwise, there are very few market movers again today.
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