Draghi’s Sopping Up Whatever Liquidity Was in European Credit

  • Bond trading costs rise to highest in more than three years
  • More stimulus possible if Brexit undermines European growth

Mario Draghi

Photographer: Jasper Juinen/Bloomberg

Mario Draghi’s buying spree in Europe’s corporate bond market may be making it cheaper for borrowers. But for the people who trade the debt it’s becoming a lot more expensive.

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