SSAs in dread at prospect of sovereign QE in Europe

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

SSAs in dread at prospect of sovereign QE in Europe

Draghi Dec 4 14

Sovereign and agency borrowers, convinced the European Central Bank will start buying sovereign bonds early next year, are becoming increasingly fearful that the arrival of an investor with very deep pockets will drive down SSA spreads to the point where it creates price distortion and long term damage.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Related articles

Gift this article