The Daily Shot Brief – March 12th, 2021



Rates: The ECB has had enough of rising bond yields as it announced a faster pace of QE.

The Governing Council: – First, the Governing Council will continue to conduct net asset purchases under the pandemic emergency purchase programme (PEPP) with a total envelope of €1,850 billion until at least the end of March 2022 and, in any case, until it judges that the coronavirus crisis phase is over. Based on a joint assessment of financing conditions and the inflation outlook, the Governing Council expects purchases under  the PEPP over the next quarter to be conducted at a significantly higher pace than during the first months of this year.

The announcement sent Bund yields lower.

Source: @TheTerminal, Bloomberg Finance L.P.


Equities: Where’s my check, bro?

Source: CNBC Read full article


Eurozone: Growth and inflation forecasts were little changed in the latest ECB release. Here is a comparison with the projections from Oxford Economics.

Source: Oxford Economics


United States: January job openings were stronger than expected.

Source: Daily Shot


Global Developments: What kind of assistance did governments provide for small firms during the pandemic?

Source: IMF Read full article


Food For Thought: How much have you heard about the following?

Source: @axios Read full article

Edited by Devon Lall

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