SSAR

摘要

Wider spreads should help public sector issuers transition smoothly into a world after quantitative easing, even though the volatile market backdrop that prevailed in the second half of 2018 is expected to persist in 2019. With more than €2trn bought under the European Central Bank's Public Sector Purchase Programme, SSA borrowers have been the biggest beneficiaries of QE, which compressed funding costs and dampened volatility.