Foreign Exchange & Fixed Income

Reuters reveals ECB policymakers agreed on stimulus cut at meeting; euro, gov't bond yields rise

Reuters reveals ECB policymakers agreed on stimulus cut at meeting; euro, gov't bond yields rise

In the latest of a string of exclusive reporting on the European Central Bank’s preparations to wind down its massive stimulus program, Reuters revealed that its policymakers meeting on Sept. 8 were in broad agreement that their next step will be reducing their bond purchases and discussed four options. Following the Reuters report, the euro and government bond yields in the single currency bloc rose further, while stocks fell on prospects of a tightening of monetary policy.