ECB Pre-Commits to 25bps Hike in July; Fragmentation Talk Worries Euro Traders

If yields rise and spreads widen between the peripheral countries and the core countries, the ECB could re-enter the market and buy debt of the peripheral countries to bring down yields. The ECB left rates unchanged, as expected, and announced that it will end asset purchases via the Asset Purchase Program (APP) on July 1st.  […]

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