ECB's Knot: 'Major part' of yield rise this year due to better fundamentals

Comments from the governing council member

Comments from the governing council member
  • Major part due to better fundamentals but some of the rise unwarranted
  • Once economic improvement materializes, reason to front-load asset purchases disappears
  • Vaccination may allow stimulus exit talks this year

Central bankers weighing in on market levels is a quagmire, but when you run massive QE programs, that's the result.

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