VGK - The Impact Of The ECB's Coronavirus Rescue Fund And BoE Rate Cut On European Bonds
By David Zahn, CFA, FRM, Head of European Fixed Income, Franklin Templeton Fixed Income
This week, both the European Central Bank and Bank of England took further measures to help contain the financial fallout from the coronavirus and alleviate pressure on strained public finances. David Zahn, Head of European Fixed Income, shares his views on what it means for European bonds.
This week, we saw several major central banks announce monetary stimulus measures in the wake of coronavirus concerns. Most recently, the Bank of England (BoE) cut interest rates to 0.1%, adding further quantitative easing