Via Securities Finance Monitor:
Bloomberg reports:
Sovereign-bond purchases by the European Central Bank and the Bank of
Japan are likely to fuel demand for fixed income that may exceed
issuance this year by more than previously estimated, bolstering bond
prices, according to JPMorgan Chase & Co.
Central-bank bond-buying will increase even after the end of a
Federal Reserve program last year, leading to $600 billion in demand in
excess of supply, according to a note to investors published by team of
JPMorgan strategists that included Nikolaos Panigirtzoglou in London....MORE