Copying and distributing are prohibited without permission of the publisher.

Watermark

Renewed ECB buying and supply drip to keep squeeze on covered bond spreads

ECB adobe stock AS 230x150
By Bill Thornhill
09 Jun 2021

The European Central Bank bought fewer covered bonds in May than it did in any month this year so far but its portfolio still grow and may do so by even more in June. With supply still likely to be limited, this should keep prospective spread widening contained ahead of a supply glut in the sovereign, supranational and agency sector.

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free Trial
By Bill Thornhill
09 Jun 2021