Divergence between European and U.S. monetary policy is boosting the attractiveness of euro corporate credit amid continued coronavirus upheavals, according to BNP Paribas SA. Source: Bloomberg “There is less downside in European credit because it has much more robust support,” Viktor Hjort, the bank’s global head of credit strategy, said in an interview. “The ECB…
Quantitative easing is the gift that keeps on giving: ECBs bond stockpile helps keeping sovereign yields at record low levels even after it stopped additions. Source: Bloomberg It’s been a surprisingly good year for Europe’s government bond markets. Yields are down across the board even though the European Central Bank is no longer adding to…
Corporate bonds may make up a larger share of the European Central Bank’s asset purchase program next year Source: Reuters Corporate bonds may make up a larger share of the European Central Bank’s asset purchase program from January when it will halve the size of the scheme to 30 billion euros ($35.3 billion) per month,…
Oxford Economics calculations suggests steady balance sheet from ECB will keep bond yields down Source: Bloomberg Markets As the European Central Bank brainstorms scenarios for winding down its 2.3 trillion-euro ($2.8 trillion) asset-purchase program, there is what may sound like a chicken-and-egg problem to solve. It goes as follows: when the central bank buys bonds and its balance sheet grows,…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
