Will ECB Clear the Mist?

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The ECB yesterday shrugged off reports of setting threshold limits on yields in peripheral bond markets. The clarification however had minimal impact, with the Spanish bond yields slipping to the lowest level in more than a month and elevating hopes of a positive outcome from today’s auctions. Moreover, optimism brewed as leaders of Germany, France and the Eurozone are meeting bilaterally this week to pave way for an ECB intervention and tackle debt problems in Greece.

Back at home, the latest public finances data just out has revealed that the British government managed to repay some of its debt in July, the third instance this year.

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Will ECB Clear the Mist?

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