The European Central Bank’s purchases of covered bonds increased by 3.053 billion euros ($3.5 billion) in the week to Jan. 30, the ECB said on Monday, as it aims to expand its balance sheet to ease financing conditions in the euro zone economy.
The total amount of covered bonds the ECB has bought since Oct. 20 under its new purchase programme reached 40.255 billion euros.
The ECB also bought a small amount of asset backed securities (ABS) during the same period, taking its total ABS purchases to 2.325 billion euros from 2.266 billion euros a week earlier.
via Reuters
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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