FXStreet (Mumbai) – As per Bloomberg reports, the European Central Bank (ECB) is looking to step up its purchases of Asset Backed Securities (ABS).
The latest additions is likely to be EUR 597 million worth of Dutch mortgage backed securities. They are said to be targeting 13 residential MBS’s. Holders need to submit offers by 2pm BST. The ECB bought EUR 382 million last week, but had offered to buy up to EUR 645 million from the Netherlands and Ireland.
(Market News Provided by FXstreet)