Its QE Taper for Germany for 3rd straight month

A Bloomberg article says, “QE-implied buying of Germany, Portugal, Ireland falls short – European Central Bank data showed it fell short of its target for purchases of German bonds under its quantitative-easing program for a third straight month in June, while favoring French and Italian securities as it combats a shortage in the euro region’s benchmark sovereign debt.”

This is as good as QE Taper…not by choice but by force… due to technical reasons.

Sooner of later, the ECB will be forced to announce a QE taper or go the BoJ way- yield curve control in Germany….?

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