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  • Article / Yesterday at 15:37 GMT

    ECB QE: We will buy paper that yields minus 0.20%

    Managing Partner / Spotlight Ideas
    United Kingdom
    ECB QE: We will buy paper that yields minus 0.20%
    Mario Draghi was rather flippant today in suggesting that a year ago the market was worried about the amount of government debt and yet now the worry is can they actually buy paper? No...what we want to know is this – will it suit the ECB or NCB balance sheets to hold assets that offer a negative return?
    Read the article
    10h
    Alessandro Milesi Alessandro Milesi
    sorry, I have asked that alrady but is the limit by defintion no applicable to bund, as the purchases I understand must be pro quota (or it...
    10h
    Stephen Pope Stephen Pope
    Alessandro...it was far from clear as the implementation of the programme.

    President Draghi was dismissive over concerns about a shortage of bonds for the ECB to buy,...
  • Article / Yesterday at 15:31 GMT

    FX Board: EURUSD 1.1000 a paper tiger?

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Board: EURUSD 1.1000 a paper tiger?
    EURUSD has pushed to the key 1.10 threshold and I'm mulling whether this should impede further downside progress lower after the ECB. Elsewhere, the stubborn JPY refuses to do anything interesting versus the USD ahead of tomorrow's important US employment report.
    Read the article
  • Squawk / Yesterday at 13:37 GMT
    Head of FX Strategy / Saxo Bank
    Denmark
    ECB Draghi Press Conference gets underway with a mini-squeeze in euro pairs that was threatening even before the press conference began. The ECB will officially start QE measures on March 9.

    Draghi comes out painting a hopeful picture for Euro Zone GDP with forecasts for GDP in 2015 and 2016 upgraded to 1.5% and 1.9% vs. 1%/1.5% previously, respectively, especially due to weaker oil prices.
    Read the Squawk
    12h
    Alessandro Milesi Alessandro Milesi
    If this is the level at which they should stop buying why are peripheral rallying?
    11h
    Juhani Huopainen Juhani Huopainen
    Spain two-year yield is 0.128%, if lower limit for ECB is -0.2%, there's still plenty left.
    10h
    Alessandro Milesi Alessandro Milesi
    I thought purchases would be proquota or it would equate to OMT if done on specific countries only. Would the limit not apply to the strongest, that...
  • Article / Yesterday at 13:00 GMT

    US economy expects another NFP boost Friday

    Managing editor, TradingFloor.com / Saxo Bank
    Denmark
    US economy expects another NFP boost Friday
    The kingpin of jobs reports is out tomorrow and, while there are caveats, there does seem to be plenty of ground for optimism that the bull run of the last year or so is set to continue unabated providing a nice spring-time fillip for the US economy.
    Read the article
    13h
    Mihail Baginsky Mihail Baginsky
    bullish picture but not for the us stock market
  • Squawk / Yesterday at 12:46 GMT
    Head of Macro Strategy / Saxo Bank
    Denmark
    ECB leaves all three policy rates unchanged:

    Main refinancing rate at 0.05%
    Deposit rate at -0.2%
    Marginal lending rate at 0.3%
    Read the Squawk
    13h
    Mads Koefoed Mads Koefoed
    Also at 13:30 from the US we get weekly jobless claims, final Q4 nonfarm productivity and final Q4 unit labor cost. Consensus expects a drop in claims...
    12h
    Mads Koefoed Mads Koefoed
    Initial jobless claims unexpectedly rose last week to 320K. Continuing claims at 2421K vs. 2395K expected.
  • Saxo TV / Yesterday at 10:44 GMT

    From bonds to equities: How to trade QE

    Simon Fasdal
    From Germany to Switzerland, negative bond yields are becoming all too common across Europe. Ahead of the ECB meeting this Thursday, head of fixed income at Saxo Bank, Simon Fasdal, discusses what's going on and how to trade QE.
    watch video
    12h
    Simon Fasdal Simon Fasdal
    *DRAGHI SAYS ECB TO BUY NEGATIVE-YIELD DEBT DOWN TO DEPOSIT RATE, so this is the aggressive style.
  • Editor’s Picks / Yesterday at 10:20 GMT

    Euro at 11-year lows – what next?

    CNBC
    The euro dropped sharply ahead of Thursday's European Central Bank policy meeting, leading some analysts to anticipate a rapid decline to parity against the US dollar, CNBC's Mia Tahara-Stubbs reports. While markets are eager to hear more detail about the timing of the ECB's QE programme, the biggest focus, according to BK Asset Management's Kathy Lien, will be on what bank chief Mario Draghi says at the post-meeting press conference. "How far the euro falls will be determined by Mario Draghi's level of dovishness and pessimism," she said.
    Read article on CNBC
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