ECB's decision to buy covered bonds helps market recover

05/15/2009 | Wall Street Journal, The

The massive covered-bond market in Europe is a crucial funding source for the region's banks, but spreads have reflected liquidity concerns by remaining wide. A decision from the European Central Bank to purchase €60 billion in covered bonds kick-started the market, tightening spreads and boosting issuance.

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Wall Street Journal, The

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