ECB Purchase of Covered Bonds Reaches 40.255B EUR

The European Central Bank’s purchases of covered bonds increased by 3.053 billion euros ($3.5 billion) in the week to Jan. 30, the ECB said on Monday, as it aims to expand its balance sheet to ease financing conditions in the euro zone economy.

The total amount of covered bonds the ECB has bought since Oct. 20 under its new purchase programme reached 40.255 billion euros.

The ECB also bought a small amount of asset backed securities (ABS) during the same period, taking its total ABS purchases to 2.325 billion euros from 2.266 billion euros a week earlier.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza