- Over coming weeks will design design modalities for open market operations
- Issues of investor seniority will be addressed
- ECB may take measures to ensure policy transmission
Operations may take place with the shape and scope of the operations to be decided. A bit of a disappointment in that they don’t have their ducks in a row just yet.
Spanish yileds down 8 bp in the 10 year only 3 bp lower than before the conference.
EUR/US hit 1.2406, trigger a barrier and running into sovereign sellers.
