Europe Corporate Credit Risk Falls Most Since 2011 on ECB: ChartBy
Mario Draghi’s entrance into corporate-debt markets is already having an impact. The cost of insuring European investment-grade corporate bonds against default tumbled the most since October 2011 after the European Central Bank announced plans to start buying highly rated euro-denominated non-bank securities. The central bank also expanded its monthly bond-buying program and cut the deposit rate to minus 0.4 percent as it steps up efforts to revive inflation and economic growth.
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