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MNI INTERVIEW2: Riksbank Sales Boosting Liquidity - Debt Head

Sweden's DMO Head of Debt Markets on the Riksbank's asset sales and the new budget rule.

MNI (LONDON) - The Riksbank's brisk sales of bonds acquired under its quantitative easing programme have boosted liquidity but the effect on yields is difficult to calculate given the small size of a market exposed to much larger global flows, Klas Granlund, head of debt at the Swedish Debt Office, the Riksgalden, told MNI.

It is clear from analysis and market participants' feedback that "the increased free flow from them (the Riksbank) and also our increased issuance has improved market liquidity. We see that in different surveys and also in the Swedish FSA quantitative liquidity metric," Granlund said in an interview.

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MNI (LONDON) - The Riksbank's brisk sales of bonds acquired under its quantitative easing programme have boosted liquidity but the effect on yields is difficult to calculate given the small size of a market exposed to much larger global flows, Klas Granlund, head of debt at the Swedish Debt Office, the Riksgalden, told MNI.

It is clear from analysis and market participants' feedback that "the increased free flow from them (the Riksbank) and also our increased issuance has improved market liquidity. We see that in different surveys and also in the Swedish FSA quantitative liquidity metric," Granlund said in an interview.

Keep reading...Show less