markets

European Central Bank Boosts Purchases of German Bonds

The European Central Bank’s buying of German bonds surged in May to a record relative to the so-called capital key, a guideline that dictates purchases corresponding to the size of a country’s economy. The share of Italian and French securities bought dropped below the capital key, but the shift in purchase patterns was due to technical factors rather than the recent sell-off in Italian debt, the ECB said.

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