ECB’s Villeroy: Increase in bond yields may be excessive but is helping to tighten

  • Increase in bond yields may be excessive but it is helping to tighten financial conditions
  • I don’t think an additional rate hike is justified now

This line of thinking is quickly becoming the norm. Central banks may increasingly signal that they’re on the sidelines but the question is: What happens if long-end yields fall back down?

This article was written by Adam Button at www.forexlive.com. Source