Europe Bonds Slide After ECB Delivers Jumbo Interest Rate Hike – Bloomberg

Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day.
Overnight on Wall Street is morning in Europe. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Markets never sleep, and neither does Bloomberg News. Monitor your investments 24 hours a day, around the clock from around the globe.
I Love Wine transports you to the best winemaking regions of the world, where the people behind the grapes explain how the culture and the landscape have shaped their product.
BlueBay, UBS Asset Winners From Bets Bank of Japan Would Crack
Anwar Pledges More Funds as Malaysia’s Monsoon Floods Worsen
ECB’s Villeroy Says Europe Likely to Dodge Hard Landing
Morocco World Cup Euphoria Cedes to Economic Reality: Day Guide
India Unable to Produce Enough Jobs for Swelling Labor Force
How to Make Cars Safer for Women? Use Crash-Test Dummies That Resemble Them
Charting a Philippine Telecom Giant’s Stock Crash After Unaccounted Spending Revealed
Musk Narrows Voting on Twitter Policy to Blue Members After Poll
British Airways Resolves Glitch That Grounded Flights for Hours
Senator Warren Presses Tesla Board Over Musk Twitter Actions
Ramaphosa Tightens His Grip on Ruling ANC. Now for the Hard Part
Ukraine Latest: More Starlinks From Musk; Approval of IMF Aid
Law Firm Kirkland & Ellis Expands to Miami With Big Office Lease
Citigroup’s $900 Million Revlon Blunder Ends With a Dismissal After Bank’s Victory
The Old School Bistro Is Nouvelle Again In London
Swiss Watch Exports Jump to Record High on US and Qatari Demand But China Slumps
At Davos 2023, Keep the Xanax Handy
The Best Gift You Can Get Your Kids Is in a Boring Envelope
Biden Should Call Tunisian Dictator’s Bluff
The US Child-Care Industry Braces for the End of Pandemic Assistance
How to Make Cars Safer for Women? Use Crash-Test Dummies That Resemble Them
The Future of Work Is Lunch
Biden Condemns ‘Violent Venom’ of Antisemitism at Hanukkah Event
Texas Border City Moves Migrants Into Hotels, New Shelters as Crossings Surge
Mercedes’ EQS SUV Targets an American Sweet Spot
Pakistan Pleads for Flood Relief After ‘Cameras Have Gone’
NYC Subway May Trim Monday, Friday Service 
Biden Administration Calls for 25% Cut in Homelessness by 2025
The (Slowly) Changing Face of Europe’s Mayors
Jane Street Culture: A View Into SBF’s Roots (Podcast)
Crypto.com’s World Cup Win Is Overshadowed by FTX Industry Chaos
Binance, Alone at the Top After FTX, Stirs ‘Too Big to Fail’ Crypto Worry
,
, and

Subscriber Benefit
Subscribe
Sign In
Europe’s bonds slid after the European Central Bank said it would remove a cap on how much interest government deposits can earn as it lifted rates above 0% for the first time in a decade.
The ECB said that it would temporarily remove a 0% cap for remunerating government deposits. That reduces the incentive to shift billions of euros of public money from cash into short-term debt, driving a selloff that took the yield on two-year German bonds up 23 basis points to 1.33%, its second biggest jump since 2011.

source

Leave a Reply

Your email address will not be published. Required fields are marked *