Covered bonds shrink as share of ECB’s balance sheet
![ECBFiveEuroNote_Adobe_575x375](https://assets.euromoneydigital.com/dims4/default/c10d3ad/2147483647/strip/true/crop/575x375+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F01%2Fe9%2F99cafde11c5c2e5eaca208e49ffe%2Fecbfiveeuronote-adobe-575x375.jpg)
The European Central Bank managed to buy more covered bonds on a net basis in February than it did January, but the asset class fell as a proportion of its total asset purchases. In the absence of fresh supply, it was forced to source paper in the secondary market, but at a markedly lower pace than before.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: