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21,513 followers   •   1,830 following   •   Switzerland   •  
Market Economist, ECB Watcher - all opinions are mine and RT does not mean endorsement...

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Brexit Withdrawal Arrangement current status: "planned maintenance". https://t.co/nRlEapsfjx
Since everyone seems to disagree on the implications of a draft agreement they haven't even read in full, does it mean this could actually be a good deal in the making?
ECB December preview, current status: "tasking committees".
BTP Italia meets common sense.
(next week)
Nice chart from Peter Praet breaking down corporate sources of financing, getting closer to 50-50% between bank and non-bank.
The ECB used it to justify the importance of credit easing over quantitative easing in the early stages of the crisis - next time will be different.
Paraphrasing Peter Praet: monetary accommodation - via QE stock effect and forward guidance - doesn't mean that bond yields (and spreads) won't rise, for good (or bad) reasons.
Good EUR/USD 1.1275 morning.
Also, I see extremely low chances that the ECB will decide to adjust its total QE portfolios to new capital keys (only to reinvestments from 2019, representing very small numbers overall).
The bulk of the increase in the euro area's current account surplus since 2013 was driven by the region’s three largest trading partners (UK, US, China; from the @ecb's economic bulletin). https://t.co/SmCWqGAnXM
Total(1) => 0.080712080001831 f_f_QM(2) => 0.074156284332275 indS(2) => 0.054885864257812 indM(2) => 0.016554832458496 indM_1(2) => 0.0033133029937744 indM_2(2) => 0.00083804130554199 indM_4(2) => 0.0029191970825195 indM_5(2) => 0.0030710697174072 indM_6(2) => 0.0021519660949707 indM_7(2) => 0.0025427341461182 indM_8(2) => 0.0012588500976562 f_f_pTL(2) => 0.0048432350158691 f_f_dT(20) => 0.0046007633209229