Report: ECB Considering setting limits on Sovereign Debt Yields

by Bill McBride on 8/19/2012 12:15:00 PM

The European crisis will be back in the headlines soon ...

From Bloomberg: ECB May Set Yield Limits on Euro Sovereign Bonds, Spiegel Says

The European Central Bank is considering setting limits on yields of euro area sovereign debt by pledging unlimited bond purchases, Germany?s Spiegel magazine reported ...

On Thursday German Chancellor Merkel and French President Hollande will meet in Berlin, and on Friday, the Spanish Government is expected to announce the details of the bank bailout. Also on Friday, Greek Prime Minister Samaras and German Chancellor Merkel will meet in Berlin with a press conference to follow.

The following week, the Jackson Hole Economic Symposium starts on Thursday, with Fed Chairman Ben Bernanke speaking on Friday, August 31st at 10 AM ET, and ECB President Mario Draghi speaking on Saturday, September 1st at 10 AM.

Source: http://feedproxy.google.com/~r/CalculatedRisk/~3/yr620F4AAiQ/report-ecb-considering-setting-limits.html

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