Even though interest rates in Europe are widely expected to stay in negative territory for a while, some analysts are still finding opportunities to find returns.
“We are now in an era where cash is negative so there will be a hunt for yield,” Iain Stealey, fixed income fund manager at JPMorgan Asset Management, told CNBC last week.
Widely held expectations interest rates in the euro zone aren’t heading higher any time soon got a fillip last week after European Central Bank (ECB) President Mario Draghi gave more details of the bank’s plans to purchase covered bonds and asset-backed securities (ABS).
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015