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WorldPosted at: Oct 23 2017 4:56PM


Abe's big win reassures euro zone bond investors in key ECB week

LONDON, Oct 23 (Reuters) Euro zone borrowing costs fell on Monday as a big win for Japanese Prime Minister Shinzo Abe's ruling bloc in a national election gave the green light for a continuation of hyper-easy monetary policy in the world's third largest economy.
It's a reassuring sign for world bond markets as they brace for the European Central Bank to this week signal that it will take small steps away from an ultra-easy monetary policy stance that has long underpinned bond yields.
Lower-rated bonds in the euro zone's periphery, the region most dependent on central bank support, outperformed ahead of the ECB's Thursday meeting where it is expected to cut its monthly bond purchases but announce a lengthy extension of stimulus.
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