ECB Corporate Bond Purchases: What’s The Deal?

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The ECB's Corporate Sector Purchase Programme (CSPP) is really "QE for the world." — Bank of America

The European Central Bank’s Corporate Sector Purchase Programme (CSPP) has now been in operation for more than a month, and analysts have had time to go through the data to see what Mario Draghi’s ‘whatever it takes’ attitude really means. Bank of America’s credit strategist Barnaby Martin weighs in on the programme in a note to…