Latest ECB QE purchase details week ending 8 July 2016

  • Total QE 894.6bn vs 878.5bn prior

  • Total Covered bonds 184.1bn vs 183.6bn

  • Total ABS 20.2bn vs 19.9bn prior

  • Bought 1.676bn in corp bonds vs 1.900bn prior

That takes it back up towards the levels we should be expecting. Last week was lower but that may have been due to the month, quarter, H1 end if there were some bonds maturing and rolling off.