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PSPP Purchases Ramp Up To 2-Year High

ECB

ECB Net asset purchases picked up to a 7-week high of E15.1bln in the week ending Apr 8, including the highest net PSPP purchases (E11.9bln) since April 2020. This reversed a E6.1bln overall contraction the previous week.

  • PSPP purchases hit a gross E19.4bln, with redemptions a sizeable E7.5bln.
  • PEPP net purchases were flat, with a total E0.3bln net, but this reflected in part E7.0bln in redemptions.
  • Covered bond net buys quietly picked up to a 7-week high, while CSPP and ABS purchases were typical.


ECB Net Asset Purchases W/EPSPP Cov BdCSPPABSPEPPTOTAL
4-Mar-224.7-1.01.1-0.17.712.4
11-Mar-223.0-0.21.60.48.913.6
18-Mar-221.20.21.7-0.27.710.7
25-Mar-225.40.61.50.23.110.9
1-Apr-22-6.3-0.32.4-0.2-1.8-6.1
8-Apr-2211.90.81.80.20.415.1

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