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Analysts at TD argue the ECB press.........>

ECB VIEW
ECB VIEW: Analysts at TD argue the ECB press release will be unchanged at that
Draghi will sound dovish in the press conference, emphasising the lack of
progress toward the inflation goal. TD adds "with about 1/3 of analysts looking
for a language change in March, we see scope for some dovish disappointment."
- In terms of investments TD says that "patience on monetary policy favours both
ECB June 19 receivers & Eonia curve flattener positions. With ECB anchoring the
short end, we expect the 5s30s Bund curve to steepen."

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