The magnitude of the European Central Bank’s intervention in the covered bond market is threatening to alienate real money investors for good, storing up problems for those issuers that have become heavily reliant on the central bank bid.
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APAC Financial Markets • #Alienate, #CoveredBondMarket, #ECB, #EuropeanCentralBank, #FutureProblems, #RealMoneyInvestors #MarketNews
Wednesday, 3 June 2015
FIG: ECB hunger puts real money covered bid in jeopardy
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