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ECB slows pandemic purchases despite concerns over bond rout

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European Central Bank slowed the pace of pandemic bond-buying last week even as officials warned that a global rise in yields could derail the economic recovery.The institution settled 12 billion euros ($14.5 billion) of purchases under its emergency program, compared to 17.2 billion euros the week before.

The decline is due to much higher redemptions, according to an ECB spokesman.Falling government bond prices are a concern for central banks because they push up yields, which are a benchmark for interest rates on loans to companies and households.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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