While the Fed has managed to avoid embarking on a 4th round of quantitative easing (or “QE,” a term referring to large-scale asset purchases by central banks), European QE has been going full tilt since early 2015. Markets began to suspect the European Central Bank (ECB) might make its own tapering announcement in recent months and this week, it pulled the trigger. Will the fallout be the same for rates this time around?
Source: Kevin Litwicki Universal Lending
Europe Tapers, But Without The Tantrum