ECB Stimulus Measures: a Game Changer For Bonds?

The transcript discusses the inclusion of corporate bonds in the asset purchase program, highlighting it as a significant change. It explores market reactions, potential crowding out, and opportunities for investment managers. The discussion also covers regulatory challenges and the impact on the banking system. The future market outlook is considered, with an emphasis on understanding the broader economic implications.

What impact does the inclusion of corporate bonds in the asset purchase program have on the market?

How has the market reacted to the recent changes in investment grade and high yield bonds?

What are the potential risks associated with adding 20 billion to the asset purchase program?

In what ways might the regulatory environment affect banks' ability to lend to the economy?

What challenges do banks face in managing their balance sheets under the new regulatory system?