MBS RECAP: Markets Had ECB Almost Perfectly Pegged
Posted To: MBS Commentary
Talk about your anticlimactic conclusions! It’s not that the European Central Bank (ECB) was likely to make any meaningful changes in its policy stance today, but it nonetheless served as an important opportunity to confirm or deny the notion that Draghi’s late June comments were a step in the direction of a tapering announcement–perhaps later this year. Draghi essentially denied it–saying they hadn’t even discussed the September meeting as a tapering announcement target, nor had they discussed it at all. That may or may not be factual. Certainly, we’ve seen newswires that suggest quite the opposite, such as this one from July 13th that did noticeable damage to bond markets: ECB COULD ANNOUNCE PLANS TO WIND DOWN QE AT ITS SEPT. 7 POLICY MEETING–ECB OFFICIALS Technically though…(read more)
Source: MortgageNewsDaily
CoesterVMS Blog: http://www.coestervms.net
CoesterVMS Publication: www.appraisalnewscast.com
Brian Coester Website: http://www.briancoester.com
Brian Coester Twitter: http://www.twitter.com/briancoester
Brian Coester Youtube: http://www.youtube.com/bcoester
Brian Coester Instagram: http:www.instagram.com/briancoester
No Comments »
No comments yet.
Leave a comment