ECB out with latest quarterly survey results 10 July
Results of the June 2017 survey on credit terms and conditions in euro-denominated securities financing and over-the-counter derivatives markets (SESFOD)
- Little overall change in credit terms for secured funding
- Less favourable non-price credit terms for non-cleared OTC derivatives
- Worsened liquidity in domestic government bond market
The June 2017 survey collected qualitative information on changes between March and May 2017. The results are based on responses from a panel of 28 large banks, comprising 14 euro area banks and 14 banks with head offices outside the euro area.
Full report here but no great surprise eh?
EURUSD currently lower at 1.1390 but EURGBP holding firm at 0.8852 as GBPUSD falls to test 1.2850 support.
ECB -Bond market liquidity worsening
