Deals
Next Stop on ECB QE Adventure: $980 Billion Corporate Debt
- Draghi to target investment-grade non-bank company bonds
- Credit risk declines around the world after announcement
ECB's Draghi: Rates Will Stay Very Low for Long Time
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The next target for the European Central Bank’s expanding asset-purchase program: the region’s 900 billion-euro ($980 billion) corporate-bond market.
The ECB will buy investment-grade euro-denominated bonds issued by non-bank corporations established in the euro area, according to a press release on Thursday.