The European Central Bank's rate-setting Governing Council will hold an unscheduled meeting today to discuss the recent sell-off in government bond markets
Bond yields have risen sharply since the ECB promised a series of rate hikes last Thursday and the spread between the yields of Germany and more indebted southern nations, particularly Italy, soared to its highest in over two years.
Invitations to the meeting were sent out on Tuesday and some policymakers, who were expected to attend a conference in Milan on Wednesday, called off their appearances. Earlier, ten-year German yields , a benchmark for the 19-country currency union, had hit 1.77%, their highest level since early 2014 while their Italian counterparts jumped 240 basis points higher, the largest spread since early 2020.
She argued that as a first line of defence, the ECB could deploy cash from maturing bonds into stressed markets and if needed, the bank could devise a new instrument.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
U.S. Futures Edge Up After S&P 500 Slides Into Bear MarketStock futures inched higher, suggesting U.S. markets were poised for muted gains after a rout Monday that sent the S&P 500 into a bear market.
Weiterlesen »
U.S. Futures Rise After S&P 500 Slides Into Bear MarketStock futures rose, suggesting U.S. markets were poised for a modest recovery after a rout Monday that sent the S&P 500 into a bear market, while shares in Asia recouped some early losses.
Weiterlesen »
Crypto.com to Cut Almost 260 Jobs Amid Market Rout.cryptocom followed crypto exchange peers in announcing job cuts as the market tumbles, with the loss of 5% of its workforce. By parikshitm899
Weiterlesen »
Performance evaluation of Dallas City Manager T.C. Broadnax moved to next weekThe Dallas city council had planned to go into executive session to discuss this item in Wednesday's briefing meeting.
Weiterlesen »