Report
The ECB in a spread control strategy
The ECB radically changed its monetary policy stance last March to ease strains threatening the sovereign debt and corporate debt markets. Mission accomplished: yield spreads are back at where they were nine months ago. During this period, the Eurosystem’s balance sheet has swollen by a little more than € 2,000bn, split almost evenly between bank liquidity injections and asset purchases. As the effects of the health crisis on the European output gap will not vanish for years, an ...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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