Bond investors read clear message from ECB ruling: ‘Watch Out’

A critical German court ruling on the European Central Bank’s half-decade of quantitative easing is worrying the likes of Aberdeen Standard Investments and UBS Group AG.


They’re concerned of a potential knock-on effect on the central bank’s latest stimulus to counter the coronavirus -- the Pandemic Emergency Purchase Program -- that has served as a backstop to the euro zone’s most fragile bond markets in recent weeks.

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