DSUM - A New Factor To Consider In The Bond Market: The ECB Has Ended Its Quantitative Easing
The European Central Bank ((ECB)) has ended four years of quantitative easing.
For four years, the ECB has been increasing its portfolio of government bonds. Starting this month, this is no longer the case.
The activity of the ECB over this four-year period has been significant, impacting not only the amount of liquidity in world financial markets, but also impacting the distribution of investment money in the world.
In the first case, the ECB has acquired $2.5 trillion in government securities over the four-year time period.
The second case, the situation is a little more