ECB’s Foray Into Junk-Rated Bonds Seen as ‘Too Little, Too Late’

  • Draghi acted under pressure to deliver, Paamco’s Pascualy says
  • Speculative-grade yields to decline in negative-rate setting

Is the ECB's Foray Into Junk Bonds Too Little, Too Late?

Mario Draghi’s foray into corporate bonds with junk ratings was an "aggressive" effort in monetary stimulus, but it still may not be enough to jump-start the region’s economy, according to Putri Pascualy at Pacific Alternative Asset Management Co.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.