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Jun 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

ECB

German yields rise with US treasuries as ECB impact fades

German yields rise with US treasuries as ECB impact fades

  • Ten-year US Treasury yields rose to over 1.63%, their highest level since February 2020 and their German equivalents, the benchmark for the region, rose as high as -0.293%.
  • Italian 10-year yields, which outperformed the market on Thursday as the country is among the top beneficiaries of ECB bond buying, were up 5 basis points at 0.63%.
Published 12 Mar, 2021 09:36pm
ECB policymakers agree on bond purchase target, differ on yield level aim
Business & Finance

ECB policymakers agree on bond purchase target, differ on yield level aim

  • The sources said policymakers set on a monthly target for the its Pandemic Emergency Purchase Programme with a small tolerance band around it but agreed not to reveal it.
  • One of the sources said the ECB aimed to push down yields to where they were in December while another said improved economic prospects meant part of the recent increase in yields was justified.
Updated 11 Mar, 2021 10:04pm
ECB blames redemptions as emergency bond buys slow
Business & Finance

ECB blames redemptions as emergency bond buys slow

  • The ECB bought 11.9 billion euros worth of bonds under its Pandemic Emergency Purchase Programme (PEPP) in the five days to March 5, slightly less than in the previous week.
  • An ECB spokesman said the net purchases were affected by "seasonality factors", particularly large redemptions, which "temporarily delayed" an increase in the ECB's bond pile.
Published 08 Mar, 2021 08:13pm
Euro zone inflation could exceed forecasts this year: De Guindos
World

Euro zone inflation could exceed forecasts this year: De Guindos

  • Growth on the other hand could fall short of projections in the first quarter due to widespread pandemic-related restrictions, even if full-year activity is still seen in line with the bank's 3.9% projection made in December, de Guindos said in a webinar with investment bank Berenberg.
Updated 03 Mar, 2021 08:45pm
Rising euro zone rates a drag on growth, inflation, says ECB's De Cos
Business & Finance

Rising euro zone rates a drag on growth, inflation, says ECB's De Cos

  • "These developments underline the importance of avoiding premature increases in nominal interest rates," de Cos added.
  • The ECB will next meet on March 11 and while an outright increase in the 1.85 trillion-euro Pandemic Emergency Bond Purchase quota is not likely, the ECB could say it will increase the flow of purchases to cap yields.
Published 03 Mar, 2021 06:29pm
ECB plans closer scrutiny of bank boards
Business & Finance

ECB plans closer scrutiny of bank boards

  • The ECB already examines the suitability of board candidates in a so-called fit and proper assessment, but rules across the 19 euro zone members vary, so the quality of these checks can be inconsistent.
  • Supervisors will consider furthermore all of the diversity-related aspects that are most relevant to enhancing the individual and collective leadership of boards.
Published 19 Feb, 2021 07:55pm
Italy's LEU party says will not support a Draghi govt with the League
World

Italy's LEU party says will not support a Draghi govt with the League

  • There are issues that make us incompatible with the presence of parties like the League. We have been very clear and I think this has been appreciated.
  • Draghi, who received a mandate to form a new government with broad parliamentary support, is holding talks with parties to muster a majority in the highly fragmented parliament.
Published 05 Feb, 2021 06:08pm
ECB keeps Italian debt purchase steady through govt crisis
Markets

ECB keeps Italian debt purchase steady through govt crisis

  • Investors have been wondering whether the ECB was once again helping keep a yield on Italian bond yields since mid-January, when an unfolding government crisis only spurred a muted market reaction.
  • The ECB bought 18.1 billion euros of Italian debt over the last two months under its pandemic-fighting programme plus an additional 3 billion euros under its regular stimulus scheme.
Published 01 Feb, 2021 09:41pm