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BlackRock bond head says speculators on ECB QE making "mistake"
Investors loading up on some of the euro zone's riskiest government bonds on expectations that the European Central Bank will buy them are making a mistake, BlackRock's head of European and global bonds said on Wednesday. Market expectations that the ECB will be forced to resort to sovereign bond-buying as part of a broad-based quantitative easing (QE) scheme have shot up in recent months as the bloc tips towards deflation. "The market is very much taking for granted that quantitative easing through a government bond purchase programme is coming and I think there are many, many obstacles to that still to ... (full story)