Originally written by Madeline McMahon at Bloomberg | March 16, 2015
The European Central Bank will slow its bond buying program sooner than investors expect as economic data in the region improves, according to Alexander Friedman, chief executive officer of GAM Holding AG.
Investors wrongly assume bond yields will decline during the central bank’s 1.1 trillion-euro ($1.2 trillion) quantitative easing program that started this month, said Friedman, who took over as CEO in September after serving as global chief investment officer for UBS Group AG. Continue Reading