ECB Bond Buying 没大用(from Barron's)

Diffusion

ysc 发表于 2012-9-6 05:07 PM
maybe Sep 12. German court's ruling and Fed meeting.

唔，等到那时候我的熊尾巴就真被烤焦喽。

lite1067

Diffusion 发表于 2012-9-6 04:57 PM
应该没有大影响，因为他这手买，那手卖，都冲销掉了。

buy spain/italy's junk sovereign bonds

sell ECB issued (i.e. Germany-backed) bonds


net effect: spread between junk country and AAA country bonds shrinks without explicitly printing $$

Diffusion

lite1067 发表于 2012-9-6 11:53 PM
buy spain/italy's junk sovereign bonds

sell ECB issued (i.e. Germany-backed) bonds

是，今天市场已经反应了，西意的yield跌，德的yield涨。