Don’t expect Japan’s QE to end anytime soon
Fund managers remain bullish on Japan’s corporate earnings growth as stagnant inflation seems highly unlikely to spur its central bank into unwinding quantitative easing for at least another two years.
QE
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What does ECB tapering mean for eurozone bonds?
The European Central Bank (ECB) has begun to unwind quantitative easing, reducing its bond purchases to €30bn a month from €60bn last year. The situation will be reviewed again at the end of September, with some predicting it will swiftly move to zero.
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What to expect from the ECB?
Asset managers expect a hawkish move by Mario Draghi at the European Central Bank’s (ECB) board meeting today.
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‘ECB to halve QE purchases in 2018’
The ECB will decide how it will wind down its asset purchasing programme during its next board meeting on 26 October. According to Bloomberg, the ECB board is considering to cut their monthly bond buying from €60bn to €30bn.
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ANALYSIS: Will EUR high yield boom survive ECB tapering?
European high yield has had a good run so far this year but can that continue as the European Central Bank turns off the quantitative easing (QE) tap?
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Time for Draghi to taper QE
European Central Bank (ECB) president Mario Draghi was again tight-lipped on tapering following the bank’s latest policy meeting, but industry figures remain confident the ECB will roll back the pace of asset purchases from next month.
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Credit spreads set to widen as Fed unwinds QE
The unwinding of the Federal Reserve’s quantitative easing programme is very likely to see credit spreads widening with an impact on other assets well beyond US treasuries says Chris Iggo, chief investment officer fixed Income, Axa Investment Managers.
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How should investors respond to ECB tapering?
The improving economic outlook in the euro area has prompted the European Central Bank to consider reining in its monetary stimulus. How should investors respond to the prospect of monetary tightening in Europe?
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No basis for hawkish turn as ECB holds firm
A meeting of the European Central Bank heralded few surprises on Thursday, but added fuel to speculation QE will continue past 2017,albeit in a tempered fashion.
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ANALYSIS: ECB acts but Japan lesson looms large
While EU leaders unveiled plans for a new €321m state-of-the-art ‘Europa’ Brussels HQ, over in Frankfurt the ECB was building its own foundations for change.
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ECB gives a silent warning to bond investors
The ECB Governing Council again left monetary policy unchanged when it met on Thursday. It looks like the ECB is buying time to communicate to markets that it’s going to wind down its bond buying programme, albeit in an orderly fashion.
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Should you buy sterling credit as an ECB-hedge?
ECB intervention has pushed European corporate bond yields down to unrealistic levels. It may therefore be a good idea to buy some sterling credit, regardless of how the Brexit saga will play out.