ECB Unveils Bond-Buying Program – WSJ.com

By GEOFFREY T. SMITH

The ECB will buy in the secondary market only government bonds with remaining maturities between one and three years without announcing any limits in advance, and as long as the government in question is under a program approved by the euro zone.

The measures will primarily benefit fiscally troubled countries like Spain and Italy, which are facing difficulties financing their budget deficits…

via ECB Unveils Bond-Buying Program – WSJ.com.

One thought on “ECB Unveils Bond-Buying Program – WSJ.com

  1. […] Loonie, Euro, Japanese yen, Pound Sterling The Euro is headed for $1.275, unaffected so far by the announcement that the ECB will purchase government bonds in the secondary market. Expect strong resistance at […]

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