Eurozone ‘high-yield’ firms face bond market squeeze – ECB paper
ECB could loosen conditions for buying bonds for firms hit by pandemic, economist says
The European Central Bank should consider changing its conditions for buying bonds issued by firms affected by the pandemic, one of its economists suggests.
In The Covid pandemic in the market: infected, immune and cured bonds, Andrea Zaghini examines the cost conditions of eurozone bonds when they were issued. The author finds that the Covid-19 pandemic “significantly affected” the composition of the bond market.
The share of bonds eligible for the ECB’s corporate asset purchase programme
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