ECB to discuss market rout in unscheduled meeting

Bond yields have risen sharply since the ECB promised a series of rate hikes last Thursday and the spread between the yields of Germany and more indebted southern nations, particularly Italy, soared to its highest in over two years.

Invitations to the meeting were sent out on Tuesday and some policymakers, who were expected to attend a conference in Milan on Wednesday, called off their appearances. Earlier, ten-year German yields , a benchmark for the 19-country currency union, had hit 1.77%, their highest level since early 2014 while their Italian counterparts jumped 240 basis points higher, the largest spread since early 2020.

She argued that as a first line of defence, the ECB could deploy cash from maturing bonds into stressed markets and if needed, the bank could devise a new instrument.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. Futures Edge Up After S&P 500 Slides Into Bear MarketStock futures inched higher, suggesting U.S. markets were poised for muted gains after a rout Monday that sent the S&P 500 into a bear market.
Source: WSJ - 🏆 98. / 63 Read more »

U.S. Futures Rise After S&P 500 Slides Into Bear MarketStock futures rose, suggesting U.S. markets were poised for a modest recovery after a rout Monday that sent the S&P 500 into a bear market, while shares in Asia recouped some early losses.
Source: WSJ - 🏆 98. / 63 Read more »

Crypto.com to Cut Almost 260 Jobs Amid Market Rout.cryptocom followed crypto exchange peers in announcing job cuts as the market tumbles, with the loss of 5% of its workforce. By parikshitm899 cryptocom parikshitm899 Aridrop available now at bigest event SHlB_AlRDROP cryptocom parikshitm899 That the only way to protect user at this moments sadly. cryptocom parikshitm899 :(
Source: CoinDesk - 🏆 291. / 63 Read more »