How 1,000 Corporate-Bond Buys Upended Europe's Debt Market
- Purchase program helps backstop Europe prices during selloffs
- Diminished returns have investors hunting yield in Ivory Coast
RBC's Schaffrik Says ECB 'Reasonably Content' With Euro
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Mario Draghi’s patronage of corporate bonds has been a boon for issuers -- but put investors in the path of an 800-pound gorilla.
The European Central Bank is on the cusp of owning a milestone 1,000 securities, having amassed 998 bonds with a value of more than 100 billion euros ($119 billion) since it started buying credit in June 2016, a Bloomberg analysis of ECB data shows.