ECB breathes life into FIG as investors prepare for infinite QE

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By Bill Thornhill, Tyler Davies
19 Sep 2019

Investors bid a warm welcome to a heap of new bonds from financial institutions this week, spurred on by the knowledge that the European Central Bank would soon be back as one of the biggest buyers in the market. Bill Thornhill and Tyler Davies report.

Mario Draghi, the central bank’s president, is seen to be ending his spell in charge much as he started it: by handing out generous support to financial markets.

Draghi said at his final monetary policy meeting last Thursday that the ECB would be cutting its deposit rate by ...

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