EU Bond Futures to Succeed Despite Issuance Doubts, Says ICE [Yahoo! Finance]
Intercontinental Exchange Inc. (ICE)
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Source: Yahoo! Finance
Most Read from Bloomberg Saudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency Sace The Urban-Rural Divide Over Highway Expansion and Emissions Chris Rhodes, the president of ICE Futures Europe, said the firm is moving ahead with a launch of futures contracts tied to an index of EU debt next month. That's even as rival Eurex Clearing AG delayed plans to start a similar product citing uncertainty over new issuance. There's still no political agreement on whether the EU will increase its debt load beyond 2026, despite a push from some officials to do so. The bloc ramped up its joint-debt issuance program in 2020 to help finance the region's recovery from the pandemic, and has plans to refinance some of this stock through 2058. “Part of the thesis here is more cooperation and more togetherness with regards to European politics,” said Rhodes in a Bloomberg TV interview. “There is uncertainty about issuance, but what we are pretty confident about is that EU b
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- 10/31/24 - In-Line
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