ECB total QE count: PSP €259.7B vs €248.9B prior
- Buys 10.809B vs 11.009 the prior week
- ABS 889 million vs 286 million prior
- Covered bonds 2.64B vs 2.32B prior
The ECB found some ABS to buy this week. That's a rise of about 8% in the total of the ABS program (which is 10 months old), in a single week.
he purpose of the program was to help restart ABS securitization in Europe and this is a sign that it's working. If it continues, it diminishes that chance that the ECB continues QE beyond Sept 2016.
