ECB Sticks With ‘At Least Through Summer 2019’ Rates Guidance
It’s all fun and games unless Italy blows up the budget.
Category: mario draghi
R.I.P. Irony: Italy Will Ask ECB To Create New QE Program In Anticipation Of E.U. Budget Fight
“If the ECB covers you, markets can’t speculate because they don’t make money.”
Distribute
‘Liquidity Vanishes’ Is The New ‘Too Much Liquidity’
“It’s not trade wars or an equity market correction that look to be keeping credit investors up at night”…
Distribute
ECB Leaves It All Unchanged As Market Looks For Clues On What The Word ‘Summer’ Means
“It depends on what the meaning of the word ‘ is’ is.
Distribute
Elephant In The Room: Full Week Ahead Preview
Just try to ignore it.
Distribute
The ECB Needs You To Know They Are A Flexible Body Capable Of Servicing Your Needs In Creative Ways
“…communication had to strike a careful balance between anticipating a termination of net asset purchases by the end of December 2018 and highlighting the continued commitment to providing sufficient monetary stimulus for as long as necessary.”
Distribute
2021: A NIRP Odyssey (Or, ‘Panic’)
To infinity and beyond.
Distribute
Beware Fallen Angels: One Bank Ponders The Fate Of The European Junk Market
“… it fills us with a lot of fear [and] not just because many central banks would be relatively constrained in their ability to cut rates after their big post-GFC easing.”
Distribute
Operation Twist – With European Characteristics
If you’re in EGB steepeners, this probably isn’t great news.
Distribute
‘It Doesn’t Take A Genius To See What’s Coming’: Amid Daimler News, Albert Edwards Warns On Auto Tariffs
“Trump has previously expressed his disdain at German luxury brands, particularly Mercedes, and its prominence on New York’s Fifth Avenue. Autocar has reported that Trump has said he would tax Mercedes models off Fifth Avenue!”
Distribute
Meet Me In Sintra And Mind The Oil Slick: Full Week Ahead Preview
Ironies, cartels and trade wars.
Distribute
‘Draghi Delivers His Classic’: One Bank’s Take On The ECB And How To Trade It
Dovish rabbit out of a hawkish hat.
Distribute
When Doves Try.
This is what it sounds like.
Distribute
Draghi Sticks Impossible Dismount, Puts Dovish Spin On QE Expiration Date While Simultaneously Adopting Date-Based Rates Guidance
Well, say what you will about the relative merits of Jerome Powell’s “plain English” approach to press conferences, but Mario Draghi just delivered a clinic in how to do this “right.”
Distribute
ECB Announces September Taper, Will End QE In December, Rates To Remain On Hold Until Summer 2019
And there it is, folks. At least you’ll get €15 billion/month through December and a commitment to keep rates on hold through next June.