ECB May Follow BOJ’s Path of Steepening Yield Curve: Union Bank
Source: BFW (Bloomberg First Word)
People
Kuniyuki Hirai (Bank of Tokyo-Mitsubishi UFJ Ltd/The)
To de-activate this alert, click here
UUID: 7947283
(Bloomberg) -- ECB may want to steepen yield curve like BOJ is trying to do rather than simply tapering bond purchases, says Kuniyuki Hirai, head of trading at MUFG Union Bank.
Alert: HALISTER1- ECB could shorten durations of bonds that it buys to steepen the curve, New York-based Hirai says in interview; a flatter yield curve will pressure earnings of European banks even further
- ECB could cut interest rates further while shortening duration; if it does, then EUR won’t be bought much
- NOTE: ECB will probably gradually wind down bond purchases before conclusion of quantitative easing, according to euro- zone central-bank officials
Source: BFW (Bloomberg First Word)
People
Kuniyuki Hirai (Bank of Tokyo-Mitsubishi UFJ Ltd/The)
To de-activate this alert, click here
UUID: 7947283