Market volatility has hit European sovereigns hard, with government bonds in the region suffering from lower trade volumes in the secondary market and wider bid-offer spreads. Speaking at OMFIF’s team Europe borrowers seminar on 25 October, Tammo Diemer, member of the management board at Deutsche Finanzagentur, the German debt management office, said wider bid-offer spreads and lower trade volumes of German government bonds were ‘a reflection of the higher volatility’ and a ‘natural reaction of market participants to this situation’.
Small but important win for ECB hawks over QT By David Marsh and Neil Williams The European Central Bank’s inflation hawks have won a small but important victory with accord on starting an examination of quantitative tightening through gradually reducing the stock of €5tn of bonds held on the Eurosystem’s swollen balance sheet.
MEETINGS In conversation with Ignazio Visco Thursday 3 November, Broadcast Following the 25 September election, Ignazio Visco, governor of Banca d’Italia, joins David Marsh, OMFIF chairman, for a conversation on the economic outlook in Italy and monetary developments in the euro area and beyond.
ON DEMAND Team Europe borrowers seminar: a new era for sovereign debt OMFIF brought together the three leading issuers of the European Union – Next Generation EU, the European Investment Bank and European Stability Mechanism – to discuss how they are managing their borrowing programmes.
LATEST REPORT Digital assets: Regulation and infrastructure for an evolving economy This report examines the economic opportunities digital assets present, looking at different kinds of digital assets and the possibilities they offer for businesses and individuals to deliver value and generate revenue.
