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MBS RECAP: ECB Surprises Markets, But Bonds Liked It

(Mortgage News Daily) - 4 weeks ago
 Posted To: MBS CommentaryWe knew the ECB (European Central Bank) was going to have to address its bond buying program soon, because it expires after September. Several speakers had alluded to the likelihood that it would be addressed in today's announcement. Markets took that to mean that Draghi would finally talk about the probable tapering announcement at the subsequent meeting. Instead, the ECB just went ahead and pulled the trigger --several months in advance. In other words, they will ...
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