Dislikedi don't see where they are saying they will buy any bonds tomorrow. if wrong correct me.Ignored
After that we have a couple of "slips" on the same on the 1.239x and the late ones today from almost every single eurocrat and politicians at 1.250x today. Tomorrow is the news so most of the juice of the move is already digested ....
Nobody is saying they will buy bonds tomorrow. They are just confirming "authorizing" the ECB to buy bonds when it needs (a.k.a preparing for Spain to ask for a bailout in a few weeks and the typical Grexit Drama later this month).
Actually we need to look for any loopholes on the technicalities when Draghi start talking to start selling if NFP/FED disappoints with QE. A well deliver and stealth ECB plan can put the euro to the roof (but that look very difficult if not impossible knowing the EZ political limitations).
In any case, today we had ECB "leak", EU Rompuy, Monti and Hollande among the important "confirming" ECB "right" to do whatever it has to do in the bond markets and to put the cherry on top Merkel saying that it will be "acceptable" bond buying in the short term ....All of them are from speeches, interviews with the press, leaks and slips of mouth ...so is not in a written document ....
sisse
PS: edit and breaking ....More from ECB right now ...no Rate cut tomorrow and no bond bands
Pending conversations? PM for a chat...I am mainly in OTM now