Some perspective on the decline. Latest 10B taper is just a small dent in that massive amount still accumulating. FED is buying MBS & Treasuries for 65B/month, its balance sheet now over 4Trillion. "RBS's Barwell says expects ECB to cut next week to 0.1% REFI" (Twitter 31/1-2014)
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ECB Interest Rate Decision Thursday Feb 6. A cut will boost european markets