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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Bibliographic Details
Published inInvestment Week p. 39
Main Author Jones, Bryn
Format Trade Publication Article
LanguageEnglish
Published London Incisive Media Limited 23.02.2015
Subjects
Debt restructuring
Fixed incomes
Monetary policy
Yield
Europe
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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.