Pfandbrief.market: CBPP3 - entering the exit
It has been four years since the ECB launched its asset purchases with the CBPP3. Now net purchases are gradually coming to an end: From January 2019 onwards only the redemptions should be reinvested. Will the central bank’s buying strategy in the covered bond market change against this backdrop?
Author: Ted Packmohr, Head of Financials & Covered Bond Research
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