The ECB’s Impact On The Bond Market In One Chart

Earlier today, the ECB updated the list of corporate bonds it bought in the latest week. While no individual bond purchase amounts were given, the ECB has bought into 980 issuances with a total of 683bn in amount outstanding (from 245 issuing entities). For the week ending 21st Jul, bond purchases stood at 0.7bn across sectors, bringing total Corporate Sector Purchase Program holdings to 101.1 Billion, an increase of 720MM in the past week. The complete list of ISINs can be found here courtesy of UBS. According to Dealogic, for week ending 21st Jul, 8.8bn was issued in EUR IG space, of which 3.2bn was CSPP eligible. In the month of Jun, the central bank purchased 7bn of corporate bonds, versus 7.6bn in May. 85.6% of the 96.6bn total CSPP holdings were purchased on the secondary market.

This post was published at Zero Hedge on Jul 24, 2017.