Operation Twist – With European Characteristics

Operation Twist – With European Characteristics

So apparently, the ECB is going to conduct its own version of Operation Twist next year, in an effort to keep longer-term borrowing costs anchored even as APP comes to a close. This is another one of those ECB trial balloons emanating from multiple "central bank sources". They do this all the time and Reuters gets their fair share of the action. "Conversations with five central bank sources show policymakers are wary of seeing long-term yields creep back up as the ECB’s stock of bonds ages,
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