liqudity

Last week I promised to provide a little more insight into what the ECB is doing with its OMT program and what this should mean for the euro, economic growth, and European sovereign bond markets. This weekly post is dedicated to that theme.…

Here are my first quick reactions to the ECB's new monetisation scheme. They have decided to buy bonds on the secondary market in potentially unlimited quantities up to three-year maturities for countries that submit to a Troika program.…