ECB “closely monitoring” rising sovereign yields: Christine Lagarde

FRANKFURT: The European Central Financial institution is “carefully monitoring” nominal authorities bond yields, ECB chief Christine Lagarde stated on Monday, a transparent signal that policymakers have gotten uncomfortable with the latest surge in yields.

“Inside the broad-based set of indicators that we monitor to evaluate whether or not financing circumstances are nonetheless beneficial, risk-free in a single day listed swap charges and sovereign yields are significantly vital,” Lagarde stated in a speech.

“Accordingly, the ECB is carefully monitoring the evolution of longer-term nominal bond yields.”

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