Comments from Kevin Daly, senior European economist at Goldman Sachs Group in London on the ECB bond-buying programme:
- "They're going to stick with the program they have until September 2016, but they will intervene verbally in these ways when they see developments in markets that they're not comfortable with
- They have got a lot of bang for their buck on the QE program, but there will be concern when you see sudden selloffs."
Daly commenting in the wake of the speech from the European Central Bank's Benoît Cœuré last week that, in a way that ... cough ... probably could have been handled a bit more professionally ... helped boost Bunds last week.
