The European Central Bank needs to back up last week’s record purchases of government debt with further buying to prevent speculators from driving borrowing costs for Spain and Italy back up again.
Families holding historically large amounts of U.S. Treasuries are creating a potential price bubble as concern about a double-dip recession spurs demand for assets perceived to be safe, according to Credit Agricole CIB .
Portugal’s government bonds rose, with the yield on the notes due in February 2016 falling for a 12th day, as Standard & Poor’s said it no longer sees an imminent risk of a downgrade for the nation.
Mario Draghi has once again proved himself to be the bond market’s best friend.
Credit Agricole Corporate & Investment Bank hired Luca Jellinek from ANZ Banking Group Ltd. as head of European interest-rate strategy in London.
"We sense a degree of disbelief when we talk to our clients that yields should be this low when a lot of people thought at the beginning of the year that central banks were edging closer to policy normalization."
- Luca Jellinek on Aug 29, 2014
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