- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- ECB likely to signal faster money printing to combat yield rise - BNP Paribas :
ECB likely to signal faster money printing to combat yield rise - BNP Paribas :
Reuters reports that BNP Paribas said that the European Central Bank is likely to signal faster money printing on Thursday to keep a lid on borrowing costs but stop short of adding firepower to its already aggressive pandemic-fighting package.
The ECB cannot appear to micro-manage bond yields, since that would tie its hands in the future and invite accusations it is shielding governments from market forces.
The euro zone's central bank will also be keen not to overstate the rise in yields, which are still low by most standards. The German yield curve, the benchmark for the 19-country bloc, still in negative territory up to 20 years.
But having already committed to "maintaining favourable financing conditions", it cannot ignore even this modest rise in borrowing costs, as it has not been matched by improving economic prospects and mostly mirrors a move in U.S. Treasuries.
Another complication is that policymakers have already approved all the firepower needed to combat the rise in yields, so technically no new decision is required, since the bank still has a 1 trillion euro quota to buy bonds through next March.
But markets are now doubting the ECB's commitment. Purchase volumes have actually decreased in the past two weeks, confounding expectations it will use its much-emphasised "flexibility" to run up its bond-buying in line with a string of verbal warning from policymakers.
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
