Because the ECB has been buying covered bonds for so long, it has been subject to complaints of distortion for several years. One of the most significant distortions created from bulk buying of government bonds and other high quality debt has shown up in Europe’s repo market. Source: FT
China’s economy grew by double digits in the latest quarter but an explosive rebound from the coronavirus pandemic is slowing abruptly as manufacturing and consumer spending return to normal. Source AP
It finally happened, that glorious moment, when, after teetering on the verge for weeks – for reasons we’ll get into shortly – the incredibly spiking US gross national debt, after kissing the line a couple of times for a moment, finally, and suddenly by a big leap, jumped over the $28-trillion mark, with a $143-billion leap in one day on Wednesday, March 31, following some big Treasury sales. Source Wolfstreet
The Russian Akademik Cherskiy vessel has arrived at the construction site to lay pipes for the Nord Stream 2 gas pipeline project, Nord Stream 2 AG, project operator company, told reporters. Source Tass
