Eurozone: Focus on ECB’s first monthly release of reinvestment details - TDS
Analysts at TDS suggest that the focus today will likely be on the ECB’s first monthly release of reinvestment details, including cumulative monthly redemptions for each of the four components of APP (ABSPP, CBPP3, PSPP, and CSPP) for the year ahead.
“We think that anything less than €10bn/month will be bearish for rates. For data today we have German factory order for September and the final reading of October services PMIs. And for ECB speak, Praet is giving the welcome address at an ECB seminar at 8am GMT, Mersch is speaking at a conference in Slovenia at 6pm, and Visco speaks at a lunch event in Madrid at 1pm.”