ECB Stimulus Measures: a Game Changer For Bonds?
At first glance, European Central Bank President Mario Draghi’s expanded stimulus measures looked to have underwhelmed investors. After Draghi exceeded economists’ expectations on Thursday with a package that included interest-rate cuts, more bond purchases and a potential subsidy to lenders, the euro climbed, the Stoxx Europe 600 Index of shares closed lower, and European government bonds gave up earlier gains. Bloomberg’s Simon Ballard and Carmignac Gestion Investment Committee Member Jean Medecin discuss with “On the Move” host Guy Johnson.
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