Bond Selloff Deepens as Draghi Disappoints Markets

The transcript discusses the bond market story, focusing on the ECB's recent news conference. The ECB's message was perceived as dovish, with concerns about inflation targets not being met by 2018. The ECB plans to continue its monetary stimulus and QE, with technical committees working on adjustments. Despite market disappointment, the underlying message suggests a more dovish stance than the market reaction indicates.

What was the general sentiment of the ECB's message during the news conference?

• Hawkish

• Aggressive

• Neutral

• Dovish

What uncertainty did the ECB express in their forecast?

• Achieving a 2% inflation target by 2018

• Achieving a 3% inflation target by 2018

• Maintaining inflation at 4% by 2018

• Reducing inflation to 1% by 2018

What is the technical assumption for the 10-year yield in the ECB's forecast?

• 0.5% on average

• 2.0% on average

• 0.8% on average

• 1.5% on average

What is the ECB's plan regarding QE as per the speaker's analysis?

• To continue QE into 2018

• To end QE by 2017

• To increase interest rates

• To reduce QE significantly

What are the technical committees working on according to the speaker?

• Ending monetary stimulus

• Tweaking instruments for more QE

• Reducing inflation targets

• Increasing interest rates