Markets aren’t convinced the European Central Bank can lift interest rates and keep the bond yields of the euro area’s most-indebted members in check at the same time. Italy, one of the nations’ most vulnerable to rising borrowing costs, saw its 10-year debt post the biggest slide since the pandemic as ECB President Christine Lagarde outlined plans on Thursday for a first rate hike in more than a decade. The spread over German bonds, meanwhile, edged towards levels that last prompted the ECB to start buying sovereign debt in an effort to stabilise the currency bloc as Covid-19 swept across the continent in March 2020. Investors worry about the lack of a credible plan to tackle so-called fra
Hence then, the article about traders seeking ecb backstop brace for bond rout as rate hikes near was published today ( ) and is available onGulf Times ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Traders seeking ECB backstop brace for bond rout as rate hikes near )