Should the European Central Bank slow down quantitative tightening?

The ECB could slow down QT in response to currently tight financial conditions, but should communicate its intentions with care. Since early 2023, the European

The complex linkages between euro area insurers and sovereign bond markets

Over the past decade, euro area insurers have been challenged by the prolonged period of low interest rates until 2022 and climate-related risks, particularly for

Sovereign bonds, convenience yields, and the resurgence of supply shocks

Many sovereign bonds trade at a premium for being safe assets that retain their value even in deep recessions. This premium, or ‘convenience yield’, allows