The European Central Bank continues to add to the total

  • Covered bonds at 1.809B
  • ABS at 0.099B
  • Total at 14.314B
  • Total purchases at 632.9 billion

Bond purchases slowed last week and have been in a downward trend since January. Look for a pickup to almost 20B per week as the latest ECB decision ramped up the monthly quota to 80B.