Divyang's focus is in following broad macro trends globally with a view to building a tradable analytical framework. He was editor of the flagship products at IDEAglobal as well as head of FX research and then moved to Chief Strategist at Commonwealth Bank of Australia before joining IFR.
A breakdown of government bond purchases for May received a lot of attention late yesterday after its release, although the information was open to various interpretations..
Redemption/coupon payments totalling some €20bn and month-end index extensions have been helping the recovery in BTPs since the yield highs of Tuesday.
Over the past two weeks, the theme we have been highlighting was that while the ECB was still on the road to ending QE this year, the timing of lift-off would be more flexible.