Low Yields Push ECB Out the Curve in Core EGB Purchases: Danske
Source: BFW (Bloomberg First Word)
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2539Z GR (European Central Bank)
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Anders Lumholtz (Danske Bank A/S)
Mathias Mogensen (Danske Bank A/S)
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UUID: 7947283
(Bloomberg) -- Monthly avg maturity of QE monthly purchases increased to record high of 11.7 years in German bonds where more than 60% of market value is trading at a yield below -40bps and thereby is ineligible for QE, Danske analysts Anders Moller Lumholtz and Mathias Mogensen write in note.
Alert: HALISTER1- Finland, Netherlands, France, Ireland also hit new highs in avg maturity of monthly purchases
- Purchases in Portugal, Ireland are still below capital key suggestions; slowdown relative to other sovereigns due to issue/issuer limit
- Finland, Germany could be next to be impacted by current restrictions to purchases if no changes made in December
Source: BFW (Bloomberg First Word)
Tickers
2539Z GR (European Central Bank)
People
Anders Lumholtz (Danske Bank A/S)
Mathias Mogensen (Danske Bank A/S)
To de-activate this alert, click here
UUID: 7947283