Italian banks jumping into ECB arbitrage trade, market moves suggest
A rise in overnight borrowing
rates for trades that use Italian government bonds as collateral
suggests that some of the country’s banks may have started
taking advantage of tiered ECB interest rates to make a profit.
rates for trades that use Italian government bonds as collateral
suggests that some of the country’s banks may have started
taking advantage of tiered ECB interest rates to make a profit.
Posted by Reuters
