ECB Draghi reiterates QE program is open ended

FXStreet (Mumbai) - The European Central Bank President Mario Draghi stressed the fact that the bank’s QE program is open ended - as he stated readiness to continue with the monthly EUR 60 billion asset purchases beyond September 2016.

However, Draghi also stated that the bank cannot print money to buy government bonds. When questioned about the bonds with negative yields, the President reiterated the bank’s readiness to buy buy negative-yielding bonds up to the deposit rate.

Mar 5, 2015

US 10-year Treasury yields marginally constructive to 1.78% – RBS

Dmytro Bondar, Technical Analyst at RBS, gives the technical outlook for US 10-year treasuries, noting that with the yields failing to sustain above 2.00%, the target for a move towards 1.78% remains constructive.

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Mar 5, 2015

ECB cannot buy Greek bonds - Draghi

The European Central Bank (ECB) President, at the press conference, said that the Greek bonds do not qualify for the bond purchase program, as it intends to buy only investment grade debt under its QE program. On similar lines, Cyprus bonds too cannot be bought under the QE program.

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