The European Union is issuing bonds like never before. An 806 billion euro ($964 billion) pandemic rescue fund will trigger the biggest-ever splurge in joint borrowing by the bloc’s 27 members. Add to that a 100 billion euro emergency jobs program and the EU is heading toward more than $1 trillion of joint issuance in response to the coronavirus crisis. The hope for some is that these exercises will lead to the creation of regional “safe asset” bonds that could rival U.S. Treasuries — a goal fo
Source link : https://www.washingtonpost.com/business/a-guide-to-europes-newest-safe-asset-and-rival-to-us-treasuries/2021/04/14/0cfa3632-9d0b-11eb-b2f5-7d2f0182750d_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business
Author : By Priscila Azevedo Rocha and John Ainger | Bloomberg
Publish date : 2021-04-15 16:10:17
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