ECB may extend full allocation tenders into 2011
Any withdrawal of liquidity by the ECB at year-end would cause major uncertainty, say bankers
The European Central Bank (ECB) may extend its full allocation liquidity operations into 2011 to avoid volatility in the euro funding markets at year-end, according to senior rates traders.
"As we get closer to the end of September, there's a very high likelihood the ECB will extend the time frame in which it will continue to do unlimited tenders. Undoubtedly, it is desirable for there not to be uncertainty at year-end from a funding perspective. If the goal is to have a more stable financial
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