european rates

euro BCE

European Rates Watch: Three scenarios for 2020

BofA| We present three scenarios for the ECB’s balance sheet in 2020 based on TLTROs and APP projections. At the top end, we estimate the ECB’s balance sheet to reach a record high; at the bottom end, we estimate a small decline. Banks’ interest in TLTRO III would be crucial in determining the actual outcome.

European rates

European rates: Bunds – where now?

LONDON | June 11, 2015 | UBS | We believe that a bear trend has started in European bonds and we continue to forecast 2% for 10-year Bund yields for the end of next year.