Bloomberg News

ECB Said to Be Purchasing Italian, Spanish Bonds to Cap Yields

October 03, 2011

Oct. 3 (Bloomberg) -- The European Central Bank bought Italian and Spanish government bonds, according to three people with knowledge of the transactions, who asked not to be identified because the deals are confidential.

A spokesman for the ECB declined to comment.

--With assistance from Gabi Thesing in London. Editors: Daniel Tilles, Keith Jenkins.

To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net.

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net.


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