Not exact matches
The European Central Bank on December 3 dropped one of its main policy rates to negative 0.3 % from negative 0.2 % and said it would extend its
bond -
buying program, under which it creates
euros to purchase debt, to at least March 2017.
According to the Global Market Strategy team at JP Morgan, pension funds and insurance companies in the G4 - United States,
euro zone, Japan and Britain - will
buy at least $ 640 billion of
bonds this year.
Some investors are now making calls that the
euro zone's central bank could end its massive
bond -
buying program by the end of next year, with a potential rate increase in the fourth quarter.
The most widespread opinion is that the European Central Bank is going to announce a new round of
bond -
buying next week to try to stimulate the Eurozone economy, which will further depress the value of the
euro and make the franc yet more attractive.
It started with the Swiss National Bank's (SNB) decision to unpeg its currency from the
euro earlier this month, followed by a larger - than - expected
bond -
buying program from the European Central Bank (ECB) on January 22.
FRANKFURT — The European Central Bank said on Thursday that it would begin
buying hundreds of billions of
euros worth of government
bonds in an aggressive — though some say belated — attempt to prevent the eurozone from becoming trapped in long - term economic stagnation.
The bank's president, Mario Draghi, said the central bank would begin
buying bonds worth 60 billion
euros, or about $ 69.7 billion, a month.
Mario Draghi, the European Central Bank president, said Thursday that the governing council agreed to a quantitative easing program that will see it
buy up to 60 billion
euros» worth of
bonds.
So yen were borrowed to convert into dollars,
euros, Icelandic kroner and Chinese renminbi to
buy government
bonds, private - sector
bonds, stocks, currency options and other financial intermediation.
The left - hand panel charts the gap between market - maker
buying and selling prices for sovereign
bonds denominated in US dollars and
euros, respectively.
Various quantitative - easing options focused on government
bonds were shown to governors on Jan. 7 in Frankfurt, including
buying only AAA - rated debt or
bonds rated at least BBB minus, the
euro - area central bank official said.
The ECB cut its monthly
bond -
buying pace in half to 30 billion
euros starting in January.
(The ECB does not refer to this as QE because it isn't
buying sovereign
bonds with their newly printed
euros.
Also, the ECB announced that it would
buy up to 40 billion
euro of covered
bonds, but that should not be a big deal for covered
bonds are the best collateral so many banks will probably not be running for funding posting the highest rated debt.
They're taking advantage of low interest rates on
euro - denominated issues after the European Central Bank's decision to start
buying investment - grade corporate
bonds in June — part of its economic stimulus program.
LONDON (AP)-- European stock markets dipped Thursday while the
euro struck two - week highs against the dollar after the European Central Bank left its key interest rates unchanged and decided against extending the duration of its
bond -
buying stimulus...
It has cut its key rate to zero and is pumping 80 billion
euros ($ 90 billion) of new money into the economy every month by
buying bonds from banks and companies.
The long - anticipated introduction of
euro zone government
bond purchases will bring the ECB's
buying program into line with the U.S. Federal Reserve's quantitative easing (QE).
European Central Bank (ECB) President Mario Draghi announced the launch of an open - ended, expanded monthly 60 billion
euro ($ 70 billion) private and public
bond -
buying program on Thursday.
Outright Monetary Transactions are a
bond -
buying program announced in September 2012 in which the European Central Bank would offer to purchase eurozone countries» short - term
bonds in the secondary market to bring down the market interest rates faced by countries subject to speculation that they might leave the
euro.
«The surprise decision by the Fed to continue
buying bonds has maintained the increased liquidity in the market, helping to support the
euro, as well as weakening the dollar,» Hood says.
The European Central Bank has spent more than 1 trillion
euros since launching its government
bond -
buying programme 18 months ago.
«Very simply, if as a investor with USD liquidity, I
buy a
bond denominated in
euro and I do not hedge the currency, I do not have fixed income; I have variable income.
The global auto industry breathed a sigh of relief in September when the president of the European Central Bank acknowledged the region's sovereign debt crisis was critical and the bank was prepared to start a
bond -
buying program that would provide a «fully effective backstop» for the struggling
euro.
Outright Monetary Transactions are a
bond -
buying program announced in September 2012 in which the ECB would offer to purchase eurozone countries» short - term
bonds in the secondary market to bring down the market interest rates faced by countries subject to speculation that they might leave the
euro.
This scenario could happen, as the European Central Bank (ECB) is struggling to find enough
bonds to
buy in order to meet its 60 billion
euro / month quantitative easing (QE) quota.