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ECB's purchase of ABS pays off as prices rise

Rates at highest levels in more than seven years spur banks to offload bonds

Mr Draghi’s purchase programme is breathing life into the asset-backed securities market.


EUROPEAN Central Bank (ECB) president Mario Draghi's plan to stimulate Europe's economy by buying asset-backed securities (ABS) is starting to show signs of working.

The ECB's purchase of four billion euros (S$6 billion) of notes since November is pushing prices to the...

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