ECB Said to Expand Covered Bond Purchases
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The European Central Bank bought Spanish covered bonds in a third day of asset purchases that has seen it acquire notes from Italy to Germany, according to people familiar with the matter.
The ECB is adding to French and Portuguese securities it bought this week, said the people, who asked not to be identified because they’re not authorized to talk about it. The central bank, which will reveal the amount of debt purchased on Oct. 27, has been buying bonds in parcels from 5 million euros ($6.3 million) to 20 million euros, according to Societe Generale SA.