Intraday Market Thoughts
Draghi Passing Torch to Bernanke? Carry Expansion & 5 Yr LTROs
by
Jul 27, 2012 16:49
Already hearing from two well placed sources that the ECBs next LTRO could be as long as 5 years at a refi rate of 0.50% (following another 25-bp cut in official rates). Such would be a prominent example of the ECBs shock-&-awe in delivering the next blow to sovereign bond yields. Click here for more http://www.cityindex.co.uk/market-analysis/ashraf-laidi-blog.aspx
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