Home | Topics | Transmission Mechanism

ECB did not do any Securities Markets Programme purchases last week

Printer-friendly versionPDF version

The ECB did not do any Securities Markets Programme (SMP) purchases last week.

That is the first time since October the ECB was not active.

Most market participants would agree the EU has made some steady progress with the European Financial Stability Facility so perhaps less purchases are necessary. That being said, two weeks ago during a week of Spanish and Portuguese bond offerings, the ECB purchased €2.3 Billion in troubled sovereign bonds on the open market, the second most active week since July. It is starting to look like the ECB is only active with the SMP to support bond issuances. It is good to be a Central Bank because if a private investor were to support a security simply for the purpose of making a larger sale, the regulators would not be too happy.

Short URL
Asymptotix on Twitter

Are the key legislative pillars such as Basel II & III, UCITS IV and Solvency II forcing you to re-examine how you identify, measure and manage risk and capital?

Asymptotix work closely with our partners to help clients develop a more proactive, systematic and integrated approach to governance and risk management to deliver proper value.

Asymptotix can offer the support you need to deliver on time. Read more...

Is the goal of your website to sell services or products, educate, or collect data?

A positive customer experience is vital to conversion, no matter what your conversion goals may be. Our designers and developers will create a positive experience to maximize your conversions and deliver the optimal return on your investment. We strive to find the perfect balance between the web site’s design and functionality.

Asymptotix implements interactive solutions for European companies. From corporate websites to social communities, our clients will tell you an investment in building a scalable online experience will deliver long-term tangible benefits.

Based in Luxembourg we can help you all over Europe. Our multi-lingual team can work with projects and speak your language! Read more...