€500bn ABS/covered bond programme

Pat Riley

Established member
794 178
Well, that might move things a little.
Make that quite a bit. €7bn in fact of which over €1bn will likely get pushed out into the wider economy next month. Need to dig around a bit to find out who picks up the tab if any of these bonds go bad. Oh, wait a minute, I think I know...

And an ‘unexpected’ 10 basis points off the interest rate helped shift it a bit too. Draghi has cut the 14 and 15 forecasts and revised 16 upward. Yeah right, like we’ll believe he’s got any bloody idea.
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