
Now We Have Two Answers to the ECB Corporate Liquidity Question – Bloomberg
August 3, 2016 \
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Full Article: Bloomberg
Now the ECB is in full throes of CSPP, which began June 8th, and disclosed information about its holdings on July 18th, we have the data to test out these liquidity fears. Firstly, a big caveat is in order. There’s no standard and objective measure of bond market liquidity since bonds are predominately traded over the counter (OTC), unlike stocks
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6 Comments on "Now We Have Two Answers to the ECB Corporate Liquidity Question – Bloomberg"
Like others, I am, um, very suspect that the emergence of the ultimate supertanker in the shallow waters of bond market liquidity will have no ill effect. Chart 2 seems to show a gradual widening of the non-eligible vs. the eligible and purchased. Crowding into the trade and the action, plus more trade data points to manage risk against, while the have nots suffer?
Supertanker oil spills do severe damage to the ecosystems in which they operate.
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