ECB Has the Tools to Control Bond Market, GSAM’s Finkelstein Says

The video discusses the outlook for European yields, predicting they will remain unchanged until mid-2021, with more dynamic stories expected elsewhere, particularly concerning the Federal Reserve and fiscal policies. The European Central Bank (ECB) is seen as having control over the yield curve but not the euro, which has been strengthening against the dollar, tightening financial conditions. The ECB lacks tools to stop currency appreciation but can manage the bond market.

What is the expected trend for European yields until mid-2021?

• Significant increase

• Significant decrease

• Fluctuate wildly

• Remain roughly unchanged

Which financial institution is mentioned as having more dynamic stories than Europe?

• Federal Reserve

• Bank of England

• People's Bank of China

• Bank of Japan

What aspect of the financial market does the ECB not fully control?

• The yield curve

• The euro currency

• Inflation rates

• Interest rates

What has been the trend of the euro against the dollar?

• Unpredictable

• Stable

• Strengthening

• Weakening

What is the ECB's capability regarding the bond market?

• They can only partially control it

• They can manage it effectively

• They are losing control

• They have no control