Corporate bond week ahead: ECB the focus but demand continues to grow
Bond market views vary as to what European Central Bank president Mario Draghi will announce after Thursday’s ECB meeting. However, corporate bond syndicate desks are all very clear about the rude health of the new issue market.
Some analysts believe Draghi will announce a stepped approach to closing the ECB's Asset Purchase Programme, steadily reducing the amount of bonds being bought each month. Others expect just a one-off reduction. How long analysts believe the programme will be extended for ranges from nine to 12 months.
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