ECB Bond-Buying Tweak Is Less Than Meets Eye, ABN Amro SaysBy
New parameter to benefit government debt sold before 2013
Market liquidity could dry up more for older securities
European Central Bank President Mario Draghi sparked a rally in euro-area government bonds Thursday when the ECB increased a cap on the amount of securities it’s able to buy under its stimulus program to 33 percent from 25 percent. To ABN Amro Bank NV, this is no game changer.
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