Vanishing yields could put ECB in a bind — Moody’s

© 2026 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 161 Farringdon Rd, London EC1R 3AL. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions | Cookies

Vanishing yields could put ECB in a bind — Moody’s

ECB

As the European Central Bank’s corporate sector purchase programme (CSPP) pushes investors into more highly levered, smaller companies, the yields they chase will disappear, erasing the incentive that the regulator hopes will result in an increased flow of credit to small businesses in Europe, a Moody’s report says.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request demo or Login
  • 4,000 annual insights
  • 700+ notes and long-form analyses
  • 4 capital markets databases
  • Daily newsletters across markets and asset classes
  • 2 weekly podcasts
Gift this article