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This is why the market is disappointed with the ECB’s anti-spread shield

“The new anti-fragmentation shield is certainly not from Wow!” Write Bank of America analysts. “This tool does not have the characteristics to become a real game-changer,” say those of Commerzbank. “It is a mechanism that the markets still do not seem to consider strong enough”, adds Giorgio Broggi, Quantitative Analyst at Moneyfarm. «It has the advantage of being unlimited, but otherwise it appears disappointing compared to expectations», observes Giuseppe Sersale of Anthilia. While appreciating …

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