Dec 10 2020, 9:34 PM
December 10 2020, 5:31 AM
December 10 2020, 9:34 PM
(Bloomberg) In Europe, investors like Alessandro Tentori are starting to say their goodbyes to the regionâs bond market, worried that soon there may not be any place left for them.
(Bloomberg) In Europe, investors like Alessandro Tentori are starting to say their goodbyes to the regionâs bond market, worried that soon there may not be any place left for them.
Collapsing trading volumes are a worrying sign for the marketâs future, the chief investment officer for Axa Investment Managers wrote in a recent note to clients titled âBye Bye Bunds,â a reference to the German bonds that serve as the benchmark for Europe. The culprit? The European Central Bank, which this year has taken its purchases of debt to unprecedented levels. By the end of 2021, investors will be even more squeezed out.
One of the World’s Top Bond Markets Is Slowly Capitulating to QE
Bloomberg 12/10/2020 John Ainger
(Bloomberg) In Europe, investors like Alessandro Tentori are starting to say their goodbyes to the region’s bond market, worried that soon there may not be any place left for them.
Collapsing trading volumes are a worrying sign for the market’s future, the chief investment officer for Axa Investment Managers wrote in a recent note to clients titled “Bye Bye Bunds,” a reference to the German bonds that serve as the benchmark for Europe. The culprit? The European Central Bank, which this year has taken its purchases of debt to unprecedented levels. By the end of 2021, investors will be even more squeezed out.
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Home / News / UK GDP set to be twice as bad as peers in 2020 despite record coronavirus rebound
UK GDP set to be twice as bad as peers in 2020 despite record coronavirus rebound
Vaccine provides hope for 2021 but could upset markets if stimulus is dialled back
The UK is on track to be one of the worst hit European economies in 2020, according to Q3 GDP figures released a day after the country became the first in the region to surpass 50,000 deaths from Covid-19.
While the UK logged record GDP growth of 15.5% over the quarter, according to the Office for National Statistics, it is still on track to end the year 11% smaller than it was at the start, according to Bank of England estimates. Additionally, a second national lockdown for England beginning in October means the coronavirus recovery is more likely to be W shaped than V shaped.