ECB’s Draghi Sees No Need to Change QE Composition at the Moment
2015-05-08 11:12:48.807 GMT
By Alessandro Speciale
(Bloomberg) -- “Concerns about the scarcity of bonds are
therefore not warranted at this juncture,” ECB President Mario
Draghi writes in letter to EU lawmaker published on ECB website.
* “While there is no reason to change the composition of the
purchases at the moment, the program is sufficiently
flexible to be adjusted should circumstances change”
* “The implementation of the expanded asset purchase program
is proceeding smoothly”
* “Volumes of purchases of public sector securities, covered
bonds and asset-backed securities are in line with the
announced figure of EU60b per month”.
* NOTE: Euro-Area Bonds Caught in QE Paradox as Short Sellers
Book Gains
* NOTE: Link to letter
For Related News and Information:
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To contact the reporter on this story:
Alessandro Speciale in Frankfurt at +49-69-9204-1201 or
aspeciale@bloomberg.net
To contact the editor responsible for this story:
Fergal O’Brien at +44-20-3525-7152 or
fobrien@bloomberg.net
2015-05-08 11:12:48.807 GMT
By Alessandro Speciale
(Bloomberg) -- “Concerns about the scarcity of bonds are
therefore not warranted at this juncture,” ECB President Mario
Draghi writes in letter to EU lawmaker published on ECB website.
* “While there is no reason to change the composition of the
purchases at the moment, the program is sufficiently
flexible to be adjusted should circumstances change”
* “The implementation of the expanded asset purchase program
is proceeding smoothly”
* “Volumes of purchases of public sector securities, covered
bonds and asset-backed securities are in line with the
announced figure of EU60b per month”.
* NOTE: Euro-Area Bonds Caught in QE Paradox as Short Sellers
Book Gains
* NOTE: Link to letter
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Alessandro Speciale in Frankfurt at +49-69-9204-1201 or
aspeciale@bloomberg.net
To contact the editor responsible for this story:
Fergal O’Brien at +44-20-3525-7152 or
fobrien@bloomberg.net