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Aviva Investors

2019 Top 400 ranking: 52

Scarcity value: lack of bond supply further erodes ECB’s effectiveness

Scarcity value: lack of bond supply further erodes ECB’s effectiveness index

Despite the European Central Bank increasing its purchases of government bonds and broadening its QE programme into corporate credit, a lack of eligible assets could cause further market dislocations, argue Joubeen Hurren and Orla Garvey.

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