The European Central Bank (ECB) confirmed that it will phase out the bond buying program in January 2019. I am wondering if any private player around the world can create the liquidity on such bonds.
More on Reuters
“The Governing Council intends to continue reinvesting, in full, the principal payments from maturing securities purchased under the APP for an extended period of time past the date when it starts raising the key ECB interest rates,” the ECB said. That was a tweak to its previous guidance that reinvestments would continue for an “extended period” after bond buys end.
THUS
LOADED THE BOAT WITH BONDS AND NOW THE WILL START INCREASING THE RATES
