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ECB Bought E$ 3.7 Billion Last Week

More importantly, the total amount of bonds now carried on the ECB’s books is €207 billion. This is important, because as readers will recall the ECB failed to sterilize an amount lower than this, or €203.5 billion, last week, with just €194.2 billion in bids submitted. Naturally, with the total cumulative amount increasing every single week, the likelihood of future sterilization failures only gets bigger and bigger. W

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