ECB bond buying on pace:
- Public sector bond purchases total €52.5B vs €41.0B as of March 27
- Covered bond purchases total €64.7B vs €62.8B prior
- ABS purchases total €4.9B vs €4.6B prior
Many months of bond buying still to come and that will keep yields pinned to zero. The interesting story in the Eurozone is the money flowing into equities.
"Inflows into Europe-focused equity exchange-traded funds reached a record $7.8 billion in March, posting inflows on every trading day of the month, according to data by TrimTabs Investment Research on Tuesday." That was up from the previous record of $4.4B.
