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A Reuters source story talks of the ECB.........>

ECB
ECB: A Reuters source story talks of the ECB honing in on a 9 month limit to the
2018 QE programme.
- How do the markets react? 
- Citi Analysts including Harvinder Sian ran through scenarios and to cut a long
story short, they have an Eonia-signaling driven model to give a one week market
reaction. 
- E40bln x 12 months is worth -25bp on the 10Y Bund yield. 
- Fairly neutral are scenarios are E20bln x 12 months, E30bln x 9 months and
E40bln x 6 months. 
- A situation with E20bln for 6 months is worth around 25bp on the 10Y Bund.

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