Goldman: ECB has bought up a fifth of Eurozone bonds

first_imgThursday 6 January 2011 7:45 pm KCS-content Tags: NULL Show Comments ▼ whatsapp Sharecenter_img whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndo Goldman: ECB has bought up a fifth of Eurozone bonds More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com THE European Central Bank’s intervention in Eurozone sovereign bond markets means that the central bank amounts to 20 per cent of marketable stock, according to analysis by Goldman Sachs.The note, released yesterday, says: “The ECB remains the main buyer of Portuguese government securities.” It adds: “The ECB has effectively removed from the private markets roughly the equivalent of the entire gross supply of Portuguese medium-to-long-term government bonds for 2010.”The ECB is notoriously secretive about whose debt it is buying for fear of panicking bond markets if it is seen to intervene drastically. However, it publishes weekly totals for its purchases, which show that it bought €165m (£138.7m) last week, the lowest level for several weeks due to the Christmas holiday. In the three weeks previously, it bought €1.12bn, €603m and €2.67bn.Meanwhile, France held a long-dated debt auction yesterday, selling just shy of up to €9bn euros of 10, 15, and 20-year government bonds.The sale saw decent demand but with yields rising since the previous sale. “These auctions are doing well and it’s relatively important for the market psychologically because there was some concern at the end of last year, even for triple A paper,” said BNP Paribas rate strategist Patrick Jacq.Figures showing the ECB’s purchases in the last week will be released on Monday. last_img read more