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ECB said to see no need for drastic action to combat rising bond yields

- 05:10 (EU) Daily ECB Liquidity Stats - - 05:30 (HU) Hungary Debt Agency (AKK) to sell 12-month Bills - 05:30 (GR) Greece Debt Agency (PDMA) to sell 13-week Bills ) - 06:00 (IE) Ireland Feb Unemployment Rate: No est v 5.8% prior - 06:00 (CZ) Czech Republic to sell combined CZK14B in 2027, 2031 and 2036 bonds - 06:00 (RU) Russia OFZ Bond auction (if any) - 06:45 (US) Daily Libor Fixing - 07:00 (US) MBA Mortgage Applications w/e Feb 26th: No est v -11.4% prior - 07:00 (BR) Brazil Q4 GDP Q/Q: 2...
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Correction in recent spike in bond yields continues

- - Speakers - German Chancellor Merkel said to be under pressure to lay out a path to ease Germanyโ€™s coronavirus lockdown - France Fin Min Le Maire stated that he was not concerned about the recent increase in borrowing rates. Govt had spent โ‚ฌ16B of the stimulus plan. Would not raise taxes or tax household savings - BOJ said to be prepared to defend Yield Curve (YCC) range before its March policy review. BOJ had no pre-set level for stopping yield rise and would depend on the speed of...
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