Posted To: MBS Commentary
This question has come up a lot recently, so let’s discuss it. What follows will be my take on it, and I have no idea if it will be the right take. That’s the nature of this topic though. There are too many moving parts and too many potentially unseen variables to conclusively say ECB QE will be good or bad for rates. All that having been said, I’m not going to offer an equivocal, cop-out, “could go either way” kind of answer. I definitely have a stance here and some clear assumptions on ifs/thens. I’m just saying the topic is big and complex enough that my stance could easily prove to be wrong. We’ll see. What are we even talking about? To be sure we’re on the same page, this conversation is about quantitative easing (QE) on the part of the European Central…(read more)
Via:: MBS Day Ahead: Would ECB QE be Good or Bad for Rates?