Bonds
Could the EU be facing another sovereign bond crisis?
- Unlike the Federal Reserve (Fed) and Bank of England (BoE), the European Central Bank (ECB) policy remains in ‘support’ mode
- But with CPI at 5%, tensions are growing that an accommodative monetary policy is no longer required
- The reality is the ECB is also working to avoid another blow-out in sovereign bond yields
Daily wrap up – 21 September
21 Sep 2017 06:44 PM |The markets absorbed the Fed's decisions yesterday, US stocks started to fall from historical highs and the US dollar saw some slight declines after rising overnight after the Federal Reserve kept interest rates unchanged at 1.25% and left the door open for a third raise this year.
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