ECB's Lane: ECB is closely monitoring the evolution of long-term nominal bond yields
Remarks by ECB chief economist, Philip Lane
- We will need to provide ample monetary accommodation for an extended period
It didn't work with Lagarde earlier in the week, it isn't going to work here. As long as Treasuries continue to steepen, European bond yields will also face a similar phenomenon.
At the highs today, 10-year bund yields reached its highest level since June last year: