ECB Ramps Up Purchases of Corporate Debt -- Market Talk
1218 GMT - The European Central Bank increased purchases of corporate debt under its conventional Corporate Service Purchase Program (CSPP) last week, as holdings rose by a net EUR2.5 billion. The fact that only new nine bonds were added suggest that the central bank did not utilize corporate purchases under the Pandemic Emergency Purchase Program (PEPP) to the same extent than under the CSPP or that ECB was active in adding to the size of currently held corporate bonds, he says. PEPP holdings rose by EUR27 billion, a weekly record. (lorena.ruibal@wsj.com; @lorena_rbal)