European Yield Curve Surges To Steepest In 29 Months After ECB Eases QE Rules
By Tyler Durden
After stating that The ECB will relax the previous QE parameters, allowing it to buy bonds with yields below the deposit floor, 5Y German yields have dropped below -40bps. The entire European bond yield curve has steepened dramatically (German 2s10s +12bps to steepest since July 2014).
5Y yields drop below the depo floor…
The long-end is dumping as the short-end is bid…
Sending the yield curve to its steepest since July 2014…
Source: European Yield Curve Surges To Steepest In 29 Months After ECB Eases QE Rules
Posted December 8th, 2016 in Uncategorized.
