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
Commerzbank