Intraday Market Thoughts

Draghi Passing Torch to Bernanke? Carry Expansion & 5 Yr LTROs

by Ashraf Laidi
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


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