- Analytics
- News and Tools
- Market News
- ECB ups bond buys to cap rise in yields
ECB ups bond buys to cap rise in yields
Reuters reports that fresh data showed that the European Central Bank increased bond purchases last week to cap yields, stepping up its market activity.
Fearing that rising borrowing costs could choke off growth, the ECB decided last week to boost bond purchases, hoping to keep yields exceptionally low while the bloc battles with yet another wave of the coronavirus pandemic.
The bank bought a net 14.0 billion euros ($16.7 billion)worth of bonds under its Pandemic Emergency Purchase Programme (PEPP) up from 11.9 billion euros a week earlier. Combined with other purchase schemes, it spent a net 19.3 billion euros, up from 17.1 billion euros in the previous week.
The ECB can buy around 75 billion euros worth of bonds a month under PEPP without raising its 1.85 trillion euro overall quota, and economists expect purchases in this range over the coming months.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
