SSAs rejoice as ECB gets its wallet out

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SSAs rejoice as ECB gets its wallet out

Wallet full of euros
Euro bank notes in a wallet | Tim Goode/EMPICS Entertainment

The European Central Bank went beyond sovereign, supranational and agency market participants’ expectations this week with the announcement of a bond buying programme that does not stop at sovereign bond buying and takes in from two to 30 years on the curve — including bonds trading at negative yields.

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