Praet: Covered bond supply ‘dynamised’ by ECB purchases
ECB says covered bond purchases hit €10.5 billion last week
The supply of covered bonds has "very much been dynamised" by the European Central Bank's (ECB) asset purchase programmes, according to executive board member Peter Praet.
Last month the ECB began purchasing covered bonds as part of its efforts to improve credit conditions in the eurozone. As of November 14, it had settled €10.5 billion ($14.5 billion) worth of bonds.
Speaking at a European Macro Conference organised by Credit Suisse in London, Praet said the central bank had already observed "a
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