By Lewis McLellan
11 Mar 2021
The European Central Bank has delivered its latest monetary policy decision, promising an increase to the pace of its Pandemic Emergency Purchase Programme (Pepp). Market participants were eager to see a tangible demonstration of support in light of the harsh sell-off of the last month.
The decision, which will be welcomed by SSA market participants, comes a day before the anniversary of ECB president Christine Lagarde s infamous claim that we re not here to close spreads. European government bond yields have risen sharply over the last few weeks, propelled by higher US Treasury yields and
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