European Central Bank is driving the corporate bond market in Euro Zone this year, through its actions. This year, ECB revealed that it will include corporate bonds in its portfolio of assets under its asset purchase program.
However, not all corporate bonds are included. It has to be investment grade and nonbank.
So far investment grade corporate bond issuance after initial weakness is in line with 2014/15 issuance and now stands more than €150 billion so far this year.
But thanks to early year market turmoil and ECB’s discretion in asset purchase High Yield bond issuances this year stand far below compared to last two years. In 2014 and 15, by this time of the year, bond issuance reached around €50 billion. This year it is just hovering around €10 billion.
Mario Draghi, President of ECB, speaking at monetary policy conference said, assets which are not included in the purchase program will also benefit from ECB policy, however signs are lacking as of now.


Best Gold Stocks to Buy Now: AABB, GOLD, GDX
RBNZ Holds Interest Rates Steady but Signals More Hikes Ahead in 2026
BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated
BOJ June Rate Hike Likely as Inflation Risks Rise Amid Middle East Tensions
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns
RBI Hits Pause as Geopolitical Storm Clouds Gather 



