As always very insightful thank you. Businesses confidence and PMIs putting the recession play to the front. What's the significance of the ECBs focus on yield spreads? Why are they trying to control it? I would have thought investors can price and manage sovereign risk, these mechanisms are sacred.
Appreciate these articles!
As always very insightful thank you. Businesses confidence and PMIs putting the recession play to the front. What's the significance of the ECBs focus on yield spreads? Why are they trying to control it? I would have thought investors can price and manage sovereign risk, these mechanisms are sacred.
This is a great morning read and is the first one out each morning so it's the first one I read. Thanks for a great service!