Friday October 30, 2020

Treasurers fear Draghi’s bazooka will chase away investors

The ECB’s plan to buy corporate bonds could alienate traditional investors

15th May, 2016
Mario Draghi is head of the ECB Pic:

Even as Mario Draghi’s pledge to buy corporate bonds drives borrowing costs toward record lows, some treasurers are sounding the alarm that it may ultimately cause harm.

The European Central Bank will start acquiring investment-grade securities next month as part of stimulus measures designed to combat weak growth and inflation. Adding the notes to its shopping list has helped suppress average yields close to the all-time low set last year, according to Bank...

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