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Draghi Says Banks’ ECB Bids Correlate With Bank Bonds

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(Corrects to specify bank bonds instead of government bonds in first paragraph.)

Jan. 27 (Bloomberg) -- European Central Bank President Mario Draghi said ECB analysis of its three-year cash offerings shows there is a correlation between how much institutions bid and the amount of bank bonds due to mature.

Draghi made the comments at the World Economic Forum’s annual meeting in Davos, Switzerland.

To contact the reporter on this story: John Fraher in Davos, Switzerland at jfraher@bloomberg.net

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

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