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ECB supports peripheral eurozone bonds from post-Brexit rout

Tuesday, June 28, 2016 - 05:50
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"The ECB bought as much peripheral government paper in one day as it normally buys in a week," says one sydicate banker.

London

THE European Central Bank (ECB) came out in force to buy peripheral eurozone government bonds on Friday, providing crucial support after the UK voted to exit the European Union in a referendum on Thursday.

Bonds from Italy, Spain and Portugal plummeted on Friday's open in