ECB’s Covered Bond Lending Will Not Increase Supply March 05, 2010

-- Daniel O’Leary
The European Central Bank’s plan to lend its €39.6 billion ($53.8 billion) of purchased covered bonds to the region’s investment banks will have a neutral affect on supply, according to a spokesman at the bank. The lending program is an evolution of the purchasing program and is intended to increase liquidity in the covered bond market and, in-turn, tighten spreads, he said. ...

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