Government bond spread unaffected by ECB QE

News - October 2017 - no. 9

Authors Danmarks Nationalbank
Subject Monetary policy; Foreign-exchange policy; Fixed-exchange-rate policy; ECB; The ECB's monetary-policy strategy; Interest and exchange rates
Type News
Year 2017
Published 2 October 2017
The yield spread between Danish and German government bonds has not been affected by the 2015 announcement by the European Central Bank (ECB) that it planned to purchase government bonds in the market, working paper shows.