Archive for October 31st, 2010

Deeper Analysis

October in Figures

October 31, 2010

The aim of quantitative easing is to depress long-term interest rates, yet sovereign yields mostly rose in October.  Three-month euribor rates advanced 14% to pull virtually even with the ECB refinancing rate.  Other short-term rates were very steady.  In a pattern that has been seen often since the beginning of the financial crisis, stocks (up) […] More