ECB Meets Purchase Target in First Month of Quantitative Easing
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The European Central Bank said it reached its purchase target of 60 billion euros ($65 billion) in the first month of its quantitative-easing program.
The Frankfurt-based institution settled 47.4 billion euros of public-sector purchases in March, and filled the rest of the monthly quota with covered bonds and asset-backed securities. The weighted average maturity of the government debt and supranational bonds bought under the plan was 8.56 years.