The recent downdraft in core sovereign yields (German bunds mainly) means the ECB likely needs to make a technical adjustment to its bond buying program.
from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/top_fx_headlines/2016/07/21/Preview-for-ECB--No-Rate-Cut-Yet-but-Tweaks-to-QE-Program-Possible.html?DFXfeeds=forex:fundamental:daily_briefing:daily_pieces:top_fx_headlines
Preview for ECB: No Rate Cut Yet but Tweaks to QE Program Possible
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