CSPP-Eligible Bonds Outperforming Their Ineligible Counterparts: Goldman SachsMani
Since the European Central Bank started its purchases on June 8, Corporate Sector Purchase Program (CSPP) eligible bonds have been outperforming their non-bank ineligible counterparts, reports Goldman Sachs. Lotfi Karoui and colleagues examine the impact of the CSPP program on the secondary market in their July 13 research piece titled “The CSPP, one month on: Quantifying the market impact.”
Outperformance of CSPP-eligible bonds pool reflects price impact of ECB purchases
As detailed by ValueWalk, Bank of . . .
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