In Europe, the European Central Bank (ECB) remains the dominant driver for yields. This year, it has been willing to extend the pace of quantitative easing (QE), add other instruments to the eligible pool, and signal new stimulus should it be warranted.
But we expect its willingness to take further action will be tempered over the coming months as headline euro area inflation starts to rise closer to 1%. The risks that led the ECB to extend QE back...
Leading analysts failed to identify the winners and losers
Challenging times as QE era comes to an end
Spike in deals from across the pond suggests brighter future
Spent three years at Wells Fargo