It's Quantitative Easing, Europe, But Not as We've Known It
- Euro region's central banks trial Fed-like reverse auctions
- Lithuania does first purchases with France to follow on Friday
Why the Long-Term Outlook for the Euro Is Bearish
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Bond investors, get ready for quantitative easing to mutate in Europe.
The European Central Bank this week started a limited pilot program to test out buying bonds through auctions rather than approaching dealers one to one. Strategists say the system is designed to improve QE’s transparency and may eventually be rolled out across the euro region.