English to French Other Finance (general) Bulletin d\'informations financières

From a technical perspective, central bank activity has been highly supportive for euro credit markets for the past year.
Although the European Central Bank (ECB) has extended its asset purchase programme beyond its initial intended cut off in December, tapering of the purchase rate has begun.
This may lighten the pressure keeping yields in pan-European credit at historic tights.
If leverage ratios improve in the US with better earnings, this could further soften technical drivers.