Credit Suisse Taps $54 Billion of Central Bank Funding Amid Crisis Of Confidence
Bloomberg Daybreak: Europe Edition
00:00
The Fed and the ECB Shouldn't Change Their Plans.
Bond traders scrambled to change how they were pricing rate paths around the world. Two-year treasury yields plummeted as much as 54 basis points to 3.71%. German two-year yields fell 48 basis points in a day, the most on record. But Michael J. P. Morgan's CIO thinks that the Fed and the ECB now need to change their plans.
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