Europe's bond shortage means Draghi is about to shock market
But ECB has said it's confident it has an "adequate" universe of assets to buy
London
AS European Central Bank governor Mario Draghi prepares to increase and broaden his bond-buying programme, the shrunken market might be in for a shock.
While policy makers will expand their asset-purchase plan by 20 billion euros (S$30.6 billion) a month at the start of April, corporate debt won't be included until later in the quarter. That's leaving investors to face even higher demand for government bonds with supply unable to keep up and some of Europe's biggest banks are predicting yields are headed for even more record lows.
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