Free Trial

ECB Is Capping EGB Yields But Don’t Call It YCC (BBG Sources)


A BBG source report notes that "the European Central Bank is emulating its Asia-Pacific peers by controlling government borrowing costs, just in a uniquely European way. The ECB is buying bonds to limit the differences between yields for the strongest and weakest economies in the euro zone." EUR/USD sheds 15 pips on the headline, although the move is shallow, with the cross sticking to the range established in early Asia-Pac trade.

MNI London Bureau | +44 0203-865-3809 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.