ECB
Bases: Object
This class has no documentation.
Bases: Object
The economies the systemic stress index covers, as the tickers used to subscribe to
ECBSystemicStress, e.g.
AddData
Only the euro area aggregate carries the full decomposition into market segments. The euro area countries publish the headline index and their own sovereign stress, so their segment columns are empty. Three sit outside the euro, which the ECB tracks to place euro area stress against the rest of the world: the United Kingdom, the United States and China publish the headline index alone.
EURO_AREA: str = 'U2'
The euro area as a whole, the only series with the full segment decomposition.
AUSTRIA: str = 'AT'
Austria.
BELGIUM: str = 'BE'
Belgium.
FINLAND: str = 'FI'
Finland.
FRANCE: str = 'FR'
France.
GERMANY: str = 'DE'
Germany.
IRELAND: str = 'IE'
Ireland.
ITALY: str = 'IT'
Italy.
NETHERLANDS: str = 'NL'
The Netherlands.
PORTUGAL: str = 'PT'
Portugal.
SPAIN: str = 'ES'
Spain.
CHINA: str = 'CN'
China, tracked for comparison and outside the euro area.
UNITED_KINGDOM: str = 'GB'
The United Kingdom, tracked for comparison and outside the euro area.
UNITED_STATES: str = 'US'
The United States, tracked for comparison and outside the euro area.
Bases: Object
The ticker used to subscribe to the euro area policy rates, e.g.
AddData
The ECB sets one set of rates for the whole euro area, so there is a single ticker here rather than one per country.
EURO_AREA: str = 'U2'
The euro area, the only area the ECB sets policy rates for.
Bases: Object
The euro area yield curves, as the tickers used to subscribe to
ECBYieldCurve, e.g. AddData
Two things vary. The basket is which bonds the curve is fitted to: triple A rated issuers only, or every euro area government issuer regardless of rating. The gap between the two is a credit spread, and it widens in a sovereign crisis.
The curve type is what the rate means. Spot is the yield on a zero coupon bond maturing at that point and is the usual choice. Par is the coupon a bond issued today at that maturity would carry. Forward is the instantaneous rate the curve implies for that future moment, which is the one to read for what the market expects the ECB to do.
AAA_SPOT: str = 'AAA_SPOT'
Spot rates fitted to triple A rated euro area government bonds. The default choice and the curve the ECB headlines.
AAA_PAR: str = 'AAA_PAR'
Par yields fitted to triple A rated euro area government bonds.
AAA_FORWARD: str = 'AAA_FORWARD'
Instantaneous forward rates fitted to triple A rated euro area government bonds.
ALL_ISSUERS_SPOT: str = 'ALL_SPOT'
Spot rates fitted to all euro area government bonds, whatever the issuer rating. Against the triple A curve this carries the periphery credit spread.
ALL_ISSUERS_PAR: str = 'ALL_PAR'
Par yields fitted to all euro area government bonds, whatever the issuer rating.
ALL_ISSUERS_FORWARD: str = 'ALL_FORWARD'
Instantaneous forward rates fitted to all euro area government bonds, whatever the issuer rating.