No mention of corporates by Draghi is no problem for FIG

Graham Bippart

January 22, 2015 08:30 PM

European Central Bank cuts interest rates to historic low — President of the European Central Bank (ECB) Mario Draghi speaks during a press conference in Frankfurt am Main, Germany, 05 June 2014. The European Central Bank cuts interest rates to an historic low of 0.15 per cent to spur economic growth and bank lending. Photo: ARNE DEDERT/dpa | Arne Dedert/DPA/Press Association Images

Corporate bonds did not feature in European Central Bank president Mario Draghi’s announcement of a full scale quantitative easing programme, but the FIG debt markets nonetheless rallied along with sovereigns and equities on Thursday.

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Graham Bippart