Bryn Jones on Fixed Income
The UK PMI manufacturing came in stronger than expected at 53.0, after an upward revision to December's data; PMI driven by increases in output and new orders. In Europe, analysts are sceptical that the latest bout of quantitative easing will be effective in stimulating growth. Deposits in Euro...
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Published in | Investment Week p. 39 |
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Main Author | |
Format | Trade Publication Article |
Language | English |
Published |
London
Incisive Media Limited
23.02.2015
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Subjects | |
Online Access | Get full text |
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Summary: | The UK PMI manufacturing came in stronger than expected at 53.0, after an upward revision to December's data; PMI driven by increases in output and new orders. In Europe, analysts are sceptical that the latest bout of quantitative easing will be effective in stimulating growth. Deposits in Europe are negative, pushing out excess savings and pushing those curves lower (the German 10-year bund yield is trading at 0.31%), in some cases to negative yields. |
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