Europe’s Bond Mirage
The calm lasted precisely one day. European bond markets briefly stabilised before resuming their descent, as investors digested a reality that central bankers would rather...
Tag: Luis de Guindos
The ECB’s 2% Illusion
Consumer prices rose 2.2% in November compared with a year earlier, up from 2.1% in October and slightly above the median forecast of economists surveyed...
The ECB follows in the footsteps of the Fed
The euro gained over 1%, and government bonds collapsed following the ECB’s interest rate hike and the message that the trend would continue. On Wednesday,...