The ECB expanded its debt purchase scheme and agreed to provide banks with even more ultra-cheap liquidity as long as they keep passing the cash onto companies. — Reuters pic
Strategists said the level of the measures may ensure that current monetary accommodation will be extended well into 2022.The euro was up 0.49 per cent to US$1.214, while sterling was last trading at US$1.3295, down 0.75 per cent on the day. “We need that announcement, without that announcement we are going to have volatility through the end of the year, without a doubt.”
The 30-year yield fell to session lows after the auction and was last down 5.3 basis points to 1.636 per cent. The benchmark 10-year yield fell 3.3 basis points to 0.908 per cent. But as lockdowns eased, more travellers opted to book homes instead of hotels, helping Airbnb post a surprise profit for the third quarter. The San Francisco-based firm also gained from increased interest in renting homes away from major cities.
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