Buying spree: The headquarters of the European Central Bank in Frankfurt. The bank this year has taken its purchases of debt to unprecedented levels, and by the end of 2021, investors will be even more squeezed out. — AFP
BRUSSELS: In Europe, investors like Alessandro Tentori are starting to say their goodbyes to the region’s bond market, worried that soon there may not be any place left for them.
Collapsing trading volumes are a worrying sign for the market’s future, the chief investment officer for Axa Investment Managers wrote in a recent note to clients titled “Bye Bye Bunds, ” a reference to the German bonds that serve as the benchmark for Europe. The culprit?
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
