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The Bear Market Is Here, What Next? | Joseph Wang & Alfonso Peccatiello
Forward Guidance
I Don't See Any Reason Why You Should Buy Bonds
"If they don't have that jack, thereis nothing they can do thatwill that will make any sense," he says. "This is not an environment where you have to buy bonds, because they will do more than aeven." The ECB has been taking away these reserves from them and giving more bonds to absorb - which obviously has a different marginal yield at that point. So i don't see any reason why i should buy bonds at this stage", adds Els.
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