ECB will own half the eligible corporate market by year-end, and half the entire IG corporate market within 18 months.

ECB will own half the eligible corporate market by year-end, and half the entire IG corporate market within 18 months. pic.twitter.com/92pAMPQ9MV

— Taylor-Swift Yield Spread (@TayTayLLP) March 27, 2020

Draghi: Europe Must ‘Prevent From Morphing Into a Prolonged Depression’

‘The challenge we face now is how to act now with sufficient strength and speed to prevent the recession from morphing into a prolonged depression, made deeper by a plethora of defaults leaving irreversible damage.’