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ECB Bond Plan Leaks On BBG
-Plan to include pledge to to buy unlimited amounts of bonds, sterilized (no QE) -Plan will refrain from making yield caps public -ECB said to consider selling bonds if conditions not met -Plan has broad support on council, Weidmann the only holdout -Plan to focus on government bonds with maturities up to three years -The plan was set to be revealed to the 17 national central banks yesterday. Looks like someone leaked it to the press.
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