Until the wayward states knuckle under, the ECB will hide behind EU rules against monetizing sovereign debt and let rising bond
yields keep the pressure on politicians.
Not exact matches
Throughout this period, continued demand for US securities from Asian central banks associated with foreign exchange intervention has served to
keep downward
pressure on yields.
It pointed out however that Chile and Argentina's uptick in
yields came in comparison to last year's poor harvest,
keeping the
pressure on inventories, and New Zealand had seen a slight decrease, albeit in line with historic production.
If temperatures are not
kept down then Africa faces a range of devastating threats such as crop
yield reductions in places of as much 50 % in some countries by 2020; Increased
pressure on water supplies for 70 — 250 million people by 2020 and 350 — 600 million by 2050; The cost of adaptation to sea level rises of at least 5 — 10 % of gross domestic product.
While that only has a direct impact
on the short end of the
yield curve, global and domestic economic forces, which have been
keeping downward
pressure on long - term rates, may be starting to loosen.