Buba sees HRE rescue, ECB plan as stress relievers
The Deutsche Bundesbank cited the bailout of Hypo Real Estate and the Eurosystem’s Eu60bn purchase programme as reasons why the covered bond market has suffered less stress than other market segments over the past two years, in its Financial Stability Review 2009 published yesterday (Wednesday). Meanwhile, settled covered bond purchases under the programme reached Eu24.979bn today (Thursday), the 100th day of reporting.
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