Additionally, the European Central Bank (ECB) began a new
corporate bond purchase program earlier this month, depressing European government bond yields even further and driving up demand for Treasuries.
Not exact matches
The committee members also voted unanimously to maintain the current asset -
purchase program, which includes
purchasing UK government
bonds at # 435 billion and non-financial investment - grade
corporate bonds at # 10 billion per month respectively.
A rule change could increase the percentage of any single
bond the ECB can buy, broaden the composition of sovereign
bonds bought, expand the universe of eligible
corporate bonds or even expand the
program to include stock
purchases — a radical move we see as unlikely at this stage.