Stories tagged “European Central Bank.”
5 stories
Eurozone yields pause after sharp July sell-off
Eurozone government bond yields traded in a narrow range on Tuesday, with benchmark borrowing costs stabilizing as fixed-income desks paused following a volatile end to July and prepared for incoming economic releases later in the week.
ECB board member Cipollone warned that stablecoin growth could strip European banks of retail deposits, on top of the fees and transaction data they're already losing to mobile payment platforms.
Lower oil prices have eased inflation pressures in the eurozone, reducing the need for aggressive European Central Bank rate hikes, though a September hike remains possible if core inflation stays high.
Europe Yields Extend Decline as Falling Oil Prices Ease Inflation Fears
European sovereign bonds rallied as traders scaled back bets on a prolonged European Central Bank tightening cycle, driven by falling oil prices. The yield on the benchmark German 10-year note fell to its lowest since early April.
Lagarde Calls for Global Talks on Chinese Currency Valuation
European Central Bank President Christine Lagarde called for global talks on the undervaluation of the Chinese currency. China has denied manipulating its currency for trade advantages.