Last quote by Peter Schaffrik
Eonia rates are now a much better guide of where the market sees ECB policy and the two-year German two-year yield is just living its own life.
Feb 21 2017
Peter Schaffrik has been quoted 5 times. The one recent article where Peter Schaffrik has been quoted is Outsize slide in German 2-yr yield amplified by bottlenecks, rule change. Most recently, Peter Schaffrik was quoted as having said, “The short end of the German yield curve is now completely independent from all the macro moves, ECB policy and doesn't really correlate with the long end of the curve either. What I think is driving it is a shortage of the asset itself.”.
Quotes by Peter Schaffrik
Feb 21 2017
The short end of the German yield curve is now completely independent from all the macro moves, ECB policy and doesn't really correlate with the long end of the curve either. What I think is driving it is a shortage of the asset itself.
Dec 15 2016
One of the reasons why a bond market sell-off this time around looks more sustainable is because it can be accompanied by higher equity markets as the adjustment comes from inflation expectations and is thus not at risk of defeating itself.
Sep 21 2016
For now, it appears likely that markets will start thinking about whether the BOJ's new path offers a new line of thinking for the ECB, too.
Jan 21 2016
While we expect Draghi to reiterate the ECB's willingness to act further if necessary, he is unlikely to want to sound dismissive of the additional package of measures introduced just a few weeks ago. Ultimately, we do expect the ECB will deliver a further 10 basis points cut to the deposit rate this year, but this is unlikely to come until March at the earliest.