The #ECB’s effective commitment that it will not let sovereign bond yields rise over the medium te via @HolgerZschaepitz

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The #ECB’s effective commitment that it will not let sovereign bond yields rise over the medium term means that interest costs are going to disappear over the next few years as governments refinance themselves at zero or negative interest rates, GaveKal Research says. h/t Holger Zschaepitz

The #ECB’s effective commitment that it will not let sovereign bond yields rise over the medium te via @HolgerZschaepitz

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