Analysts at odds over size of the ECB’s wallet

By Tom Porter
29 Sep 2014

Europe’s ABS research teams have given a neat indication of the uncertainty that still surrounds the potential effect of the European Central Bank’s ABS purchase programme ahead of the central bank’s policy meeting this week, releasing a wide range of size predictions even as investors bid up prices to post-crisis records.

Periphery ABS has made the most notable move in the last couple of weeks as investors and dealers have tried to position themselves for the anticipated programme, and traders said the bidding up intensified last week when ECB president Mario Draghi offered more certainty that it would target ...

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