ECB Settles No Bond Purchases for First Time in Since August

The European Central Bank’s government bond buying ground to a halt last week.

The Frankfurt-based ECB said no transactions were settled in the week through Feb. 17 -- for the first time since August - - after 59 million euros ($78 million) the previous week. The ECB will take seven-day term deposits tomorrow to absorb the 219.5 billion euros of liquidity created since its Securities Markets Program started in May 2010, a practice it employs to ensure the purchases don’t fuel inflation.

     Week      Purchases Settled (bln)  Total (bln)
     1              16.50*              16.5
     2              10.00*              26.5
     3               8.50*              35.0
     4               5.50*              40.5
     5               6.50*              47.0
     6               4.00*              51.0
     7               4.00*              55.0
     8               4.00*              59.0
     9               1.00*              60.0
     10              0.302              60.0
     11              0.176              60.5
     12              0.081              60.5
     13              0.009              60.5
     14              0.010              60.5
     15              0.338              60.5
     16              0.142              61.0
     17              0.173              61.0
     18              0.237              61.0
     19              0.323              61.5
     20              0.134              61.5
     21              1.384              63.5
     22              0.009              63.5
     23                  0              63.5
     24                  0              63.5
     25                  0              63.5
     26              0.711              64.0
     27              1.070              65.0
     28              0.713              66.0
     29              1.348              67.0
     30              1.965              69.0
     31              2.667              72.0
     32              0.603              72.5
     33              1.121              73.5
     34              0.164              73.5
     35              0.113              74.0
     36              2.313              76.5
     37              0.146              76.5
     38                  0              76.5
     39                  0              76.5
     40                  0              76.5
     41              0.711              77.0
     42              0.369              77.5
     43                  0              77.5
     44                  0              77.5
     45                  0              77.5
     46              0.432              76.5
     47                  0              77.0
     48                  0              77.0
     49                  0              76.0
     50                  0              76.0
     51                  0              76.0
     52                  0              76.0
     53                  0              76.0
     54                  0              75.0
     55                  0              75.0
     56                  0              75.0
     57                  0              75.0
     58                  0              74.0
     59                  0              74.0
     60                  0              74.0
     61                  0              74.0
     62                  0              74.0
     63                  0              74.0
     64                  0              74.0
     65                  0              74.0
     66                 22              96.0
     67                 14.3           110.5
     68                  6.65          115.5
     69                 13.3           129.0
     70                 13.96          143.0
     71                  9.79          152.5
     72                  3.95          156.5
     73                  3.80          160.5
     74                  2.31          163.0
     75                  2.24          165.0
     76                  4.49          169.5
     77                  4.00          173.5
     78                  9.52          183.0
     79                  4.48          187.0
     80                  7.99          194.5
     81                  8.58          203.5
     82                  3.66          207.0
     83                  0.64          207.5
     84                  3.36          211.0
     85                  0.02          211.0
     86                  0.46          211.5
     87                  1.1           213.0
     88                  3.77          217.0
     89                  2.24          219.0
     90                  0.06          219.0
     91                  0.12          219.0
     92                  0.06          219.5
     93                  0             219.5

* = calculated by Bloomberg News

To contact the reporter on this story: Jana Randow in Frankfurt at jrandow@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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