EUR/CAD, EUR/NOK, EUR/SEK Price Outlook As Euro-Area Lockdowns Return

Like in the US, longer-term yields on Eurozone government debt have risen notably in recent months. The ECB announced plans to increase the pace of bond purchase under its QE program at its March policy meeting, reaffirming the commitment to keep borrowing costs low.

In speeches and press releases, some ECB members have tried to talk down yields or spoken on the potential of a Yield Curve Control program. While the full course of action remains to be seen, it is clear that many at the ECB view a continued rise in yields as another threat to the economic recovery.

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