ABS wrapped into Draghi’s bazooka but pace effect unclear
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ABS wrapped into Draghi’s bazooka but pace effect unclear

Draghi Dec 4 14

European ABS players shrugged their shoulders on Thursday as European Central Bank president, Mario Draghi unveiled an apparently open ended programme of sovereign quantitative easing. Quoted bid levels for periphery paper were stronger but investors were more focused on whether ABS purchases would fall by the wayside with €60bn a month being pumped into the markets.

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