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Bunds up / EUR down on BBG sources story........>

ECB
ECB: Bunds up / EUR down on BBG sources story saying ECB staff have begun
studying a reform in the bank`s `below, but close to 2%` policy approach - seen
as a dovish measure as it would imply more monetary stimulus.
- Bunds spiked initially but came off slightly as news digested.
- The lead is buried in that article as it is not really a surprise that ECB is
considering framework changes (note Pres Draghi suggested same at June 18 Sintra
speech), but interesting that "Governing Council members were given a
presentation last week on symmetrical approaches to the current target."
Suggesting upcoming meetings could be impacted.

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