No ‘significant move’ in euro govvie yields if ECB holds back on new QE
There will not be a huge repricing of eurozone government bonds in the event that the European Central Bank does not announce a new round of quantitative easing, according to a senior asset strategist.
“There won’t be a significant move,” said the strategist. “If the ECB doesn’t announce QE tomorrow, we see [10 year] Bund yields rising to minus 0.5% and the [10 year] BTP/Bund spread widening to 180bp.”The yield on the 10 year Bund has crept up over the last ...
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