Eurozone ‘high-yield’ firms face bond market squeeze – ECB paper

ECB 2017
The European Central Bank, Frankfurt

The European Central Bank should consider changing its conditions for buying bonds issued by firms affected by the pandemic, one of its economists suggests.

In The Covid pandemic in the market: infected, immune and cured bonds, Andrea Zaghini examines the cost conditions of eurozone bonds when they were issued. The author finds that the Covid-19 pandemic “significantly affected” the composition of the bond market.

The share of bonds eligible for the ECB’s corporate asset purchase programme

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: