great, just one question how will they handle this scenario: bonds decline, interest rates go up and the spreads remain the same? clearly the spreads are not the problem it is the actual value of the interest rates and the ECB has no way to fight that because they do not know who is on the other side of that trade and they do not have the ability to fight that fight.
great, just one question how will they handle this scenario: bonds decline, interest rates go up and the spreads remain the same? clearly the spreads are not the problem it is the actual value of the interest rates and the ECB has no way to fight that because they do not know who is on the other side of that trade and they do not have the ability to fight that fight.