0559 GMT - The European Central Bank would not hesitate to intervene if monetary policy transmission were impaired, but TwentyFour Asset Management doesn't see evidence of this happening yet, says portfolio manager Felipe Villarroel in a note. French government bond yields and spreads have hit key levels, raising investor concerns about potential contagion. "If there were disorderly reactions in Italian and other government bond markets, then the ECB's first steps would likely be an attempt to calm markets with verbal intervention, or a reduction or termination of its quantitative tightening (QT) program," he says.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments