{"id":1920,"date":"2011-11-16T15:37:28","date_gmt":"2011-11-16T20:37:28","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=1920"},"modified":"2011-11-16T15:37:28","modified_gmt":"2011-11-16T20:37:28","slug":"ecb-fights-to-put-lid-on-european-bond-yields-wsj-com","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/16\/ecb-fights-to-put-lid-on-european-bond-yields-wsj-com\/","title":{"rendered":"ECB Fights to Put Lid on European Bond Yields &#8211; WSJ.com"},"content":{"rendered":"<p>Markets largely shrugged off the ECB, as long-term investors continued to dump everything but German bonds\u2014considered the market&#8217;s safe harbor\u2014and it became increasingly difficult to find private buyers for bonds issued by the large, indebted countries such as Italy and Spain&#8230;..The ECB fought a running battle throughout the day, traders said, in an attempt to drive the yield on the 10-year Italian note below 7%. The trading session started with price rally that drove the closely watched rate down to 6.84%. Then, as ECB buying lightened, private sellers took over, driving the yield\u2014which moves in the opposite direction of price\u2014up to 7.22%, according to Tradeweb data. Prices then rallied in the afternoon, with some market participants citing more ECB buying as well as comments from German Chancellor Angela Merkel indicating German support for more fiscal integration in the euro zone.<\/p>\n<p>via <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052970203611404577041901149009704.html?mod=WSJ_World_MIDDLENews\">ECB Fights to Put Lid on European Bond Yields &#8211; WSJ.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Markets largely shrugged off the ECB, as long-term investors continued to dump everything but German bonds\u2014considered the market&#8217;s safe harbor\u2014and it became increasingly difficult to find private buyers for bonds issued by the large, indebted countries such as Italy and Spain&#8230;..The ECB fought a running battle throughout the day, traders said, in an attempt to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/16\/ecb-fights-to-put-lid-on-european-bond-yields-wsj-com\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ECB Fights to Put Lid on European Bond Yields &#8211; WSJ.com&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33],"tags":[474,962,1169,1295,1547,1919,3194],"class_list":["post-1920","post","type-post","status-publish","format-standard","hentry","category-uk-europe-countries-regions","tag-bond-yields","tag-debt-crisis","tag-ecb","tag-euro-zone","tag-germany","tag-italy","tag-spain"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ECB Fights to Put Lid on European Bond Yields - WSJ.com - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECB Fights to Put Lid on European Bond Yields - WSJ.com - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Markets largely shrugged off the ECB, as long-term investors continued to dump everything but German bonds\u2014considered the market&#8217;s safe harbor\u2014and it became increasingly difficult to find private buyers for bonds issued by the large, indebted countries such as Italy and Spain&#8230;..The ECB fought a running battle throughout the day, traders said, in an attempt to &hellip; 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SMITH The ECB will buy in the secondary market only government bonds with remaining maturities between one and three years without announcing any limits in advance, and as long as the government in question is under a program approved by the euro zone. The measures will primarily\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4726,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/06\/29\/debt-crisis-germany-caves-in-over-bond-buying-bank-aid-after-italy-and-spain-threaten-to-block-everything-telegraph\/","url_meta":{"origin":1920,"position":1},"title":"Debt crisis: Germany caves in over bond buying, bank aid after Italy and Spain threaten to block &#039;everything&#039; &#8211; Telegraph","author":"Colin Twiggs","date":"June 29, 2012","format":false,"excerpt":"Bruno Waterfield: On Thursday night, Italy and Spain plunged an EU summit into disarray by threatening to block \u201ceverything\u201d unless Germany and other eurozone countries backed their demands for help......Under the deal, Spanish banks will be recapitalised directly by allowing a \u20ac100 billion EU bailout to [be] transferred off Spain\u2019s\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1868,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/11\/banks-to-dump-more-italian-debt-ticker-ifre\/","url_meta":{"origin":1920,"position":2},"title":"Banks to dump more Italian debt | Ticker | IFRe","author":"ColinTwiggs","date":"November 11, 2011","format":false,"excerpt":"With the ECB providing a bid for Italian bonds that might not otherwise exist, board members at some of Europe\u2019s largest bank say now is the time to accelerate disposals. Many are also reversing long-standing policies of buying into new Italian bond issues, denying Rome an important base of support.\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1517,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/24\/france-appears-to-have-conceded-to-german-ecb-position-on-bailout-fund-credit-writedowns\/","url_meta":{"origin":1920,"position":3},"title":"France appears to have conceded to German-ECB position on bailout fund | Credit Writedowns","author":"ColinTwiggs","date":"October 24, 2011","format":false,"excerpt":"France appears to have backed down in the face of a German-ECB joint position that strenuously objected to the EFSF becoming a bank to borrow from the ECB. Instead, it appears that the insurance\/guarantee function of the EFSF is going to dominate. Although the situation still appears fluid, the momentum\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11850,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/05\/18\/t-bonds-burn-rba-minutes-next\/","url_meta":{"origin":1920,"position":4},"title":"T-Bonds Burn, RBA Minutes Next","author":"ColinTwiggs","date":"May 18, 2015","format":false,"excerpt":"From Adam Button on AshrafLaidi.com: .....The direction of the bond market in recent weeks has been a major driver but what was notable on Monday was the divergence. Bund yields were up 2.5 basis points while 10-year Treasury yields were up 9 bps. This might be the start of a\u2026","rel":"","context":"In &quot;Fixed Income&quot;","block_context":{"text":"Fixed Income","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/fixed-income\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2365,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/26\/fiscal-union-is-the-only-real-solution-credit-writedowns\/","url_meta":{"origin":1920,"position":5},"title":"Fiscal union is the only real solution | Credit Writedowns","author":"ColinTwiggs","date":"November 26, 2011","format":false,"excerpt":"A fiscal union led by Germany would in effect force debtor nations who want more German and ECB support to surrender more of their fiscal sovereignty, in a binding way, to EU Commissioners, who would have greater authority in shaping national budgets and fiscal policies. 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