Free Trial

Net Asset Purchases Pick Up On PEPP Reinvestments

ECB

ECB net asset purchases hit the highest in 5 weeks in the week to Nov 18, with PEPP holdings rising by E3.2bln (vs flat in the prior 3 weeks).

  • PSPP holdings rose by net E1.0bln, with redemptions of E2.5bln (PEPP redemptions came in at E2.0bln.)
  • Changes in Covered Bond, CSPP, and ABS holdings made only a marginal impact last week.
  • With holdings under the net asset purchase programme still just E13bln below the peak as proceeds continue to be reinvested, we continue to await more clarity on balance sheet plans which is likely to be delivered in 3 weeks' time at the next ECB monetary policy meeting.


ECB Net Asset Purchases W/EPSPP Cov BdCSPPABSPEPPTOTAL
30-Sep-22-3.40.20.1-0.1-3.6-6.9
7-Oct-221.10.9-0.20.3-1.50.6
14-Oct-224.50.30.10.04.89.7
21-Oct-220.40.20.5-0.2-3.2-2.4
28-Oct-22-4.20.7-0.20.3-0.1-3.6
4-Nov-22-5.40.70.1-0.1-0.1-4.8
11-Nov-222.30.30.10.00.33.1
18-Nov-221.00.30.3-0.13.24.7

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.