@吴家琦:
It seems like Lagarde message yesterday produced some effects. The ECB emergency meeting led to 2 decisions: 1) ECB triggered flexible PEPP reinvestments; 2) ECB internal committees were tasked with accelerating the completion” of a new anti-fragmentation tool. The Italy 10-year spread vs. Bund dropped by 25bps as a consequence. Source: HolgerZ, Bloomberg
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