IG bond market begs ECB to slow down on purchasing

By Mike Turner
10 Sep 2020

The European Central Bank is overstepping the mark with its investment grade corporate bond buying and must start easing off, or it risks detaching the market from economic reality, market participants said this week. Mike Turner reports.

Borrowers along the credit spectrum have benefited from the ECB’s purchasing programmes, and will want the taps to stay open for as long as possible. 

Its Pandemic Emergency Purchase Programme, initiated in March, which can buy corporate paper, had taken down €512.3bn across all assets as of September 4, ...

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