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***Column 1 is the 12m sum of EGB.........>

EGB FLOWS
EGB FLOWS: ***Column 1 is the 12m sum of EGB purchases by MFIs (banks) in each
country (mostly selling), column 2 is PSPP purchases of each debt market. Column
3 is MFI/PSPP *-1, giving an idea of where the ECB sourced its bonds. Belgian
PSPP is mostly from MFIs, Portuguese MFIs bought alongside PSPP. German MFIs own
mostly Pfandbriefe, hence the low percentage. E46bln bank sales in Italy!
*.....................MFIs........PSPP..........%
*Germany.............-33.0.......158.3........20.9
*France..............-41.2.......136.4........30.2
*Italy...............-46.2.......118.6........39.0 
*Spain...............-11.9........80.6........14.8 
*Netherlands.........-14.6........35.6........40.9 
*Belgium.............-12.5........23.8........52.4 
*Austria..............-5.0........19.0........26.4 
*Portugal.............+2.3.........6.7.......-34.7 
*Finland..............-1.8.........8.2........22.2 
*Ireland..............-2.2.........6.7........32.4 

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