Free Trial

ECB's Stournaras Buoys Bunds, EUR

CROSS ASSET

In unscheduled comments, ECB's Stournaras, the governor of the Bank of Greece, stated that the ECB should accelerate PEPP purchases and that there is no justification for a tightening of nominal bond yields at the long end.

That makes Stournaras the first ECB member to openly call for the ECB to accelerate the pace of their asset purchase programme.

Bund lurch higher to new session highs of 173.82 in response, while the EUR also firms, adding around 20 pips to trade 1.2136.

To read the full story

Close

Why MNI

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.