Eyes on ECB

Wed, 27 Aug 2014

By Margreet Dietz Aug. 28 (BusinessDesk) - Investors flocked to a US auction of US$35 billion in five-year notes as European bond yields sank to record lows amid bets that the European Central Bank will add more stimulus in an effort to prop up the flagging euro-zone economy. “It was a fantastic auction,” Ray Remy, head of fixed income in New York at Daiwa Capital Markets America, one of 22 primary dealers obligated to bid at US auctions, told Bloomberg News. “What’s driving the US Treasury market is what’s going on in Europe. As Europe m...

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