Bad News Is Priced Into the Euro, Says Chaigneau

Bloomberg Video

Nov.22 -- European bond investors are counting on Mario Draghi to safeguard the trend toward higher inflation expectations and cap declines in the region’s sovereign-debt securities. Benchmark German 10-year bunds held a four-day advance before the European Central Bank president addresses lawmakers in Strasbourg, where he may stress officials’ commitment to providing monetary support. While traders across the Atlantic are preparing for higher interest rates from the Federal Reserve next month, the debate in Europe is about whether the ECB’s public-sector purchase program will be tweaked and expanded beyond March. Societe Generale Global Head of Rates & FX Strategy Vincent Chaigneau discusses with Anna Edwards and Yousef Gamal El-Din on "Bloomberg Daybreak: Europe."