Bank capital investors preach discipline amid new QE hype
Some bank capital investors are positioning themselves to take advantage of volatility in the remainder of 2019, revealing their concerns that the market is overly excited about the prospect of a new quantitative easing (QE) programme in Europe.
Credit spreads have been racing tighter in recent months, with the iTraxx subordinated financials index having tightened by 32bp since the beginning of June.The rally has been driven by expectations that European Central Bank president Mario Draghi will unveil a new package of stimulus measures in September, ...
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