ABS

ECB Covered Bond Purchase Nearing €60m Limit

Published April 6, 2010 1:16 PM EDT Updated April 18, 2010 5:45 PM EDT 1 Min Read

The European Central Bank and the 16 national central banks in the euro zone increased their purchases of covered bonds bringing the total volume settled to €44.427 billion ($59.3 billion), according to ECB-released data.

The European Central Bank said last summer that it would start buying €60 billion ($85 billion) of three- to 10-year covered bonds. The central bank said it would buy bonds in the primary and secondary markets until June 2010.

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