ECB taper puts wind up bond markets

There are some economists and commentators who talk of never-ending cycles of bond purchases by central banks. They struggle to see central bankers admitting defeat and abandoning their quantitative easing programmes. At the back of their minds, however, they and everyone else know that bond purchases by European, Japanese and US central banks must eventually come to an end. Someone is going to have to pick up the tab. So...

read full story