ECB Report on Covered Bond Purchases - April 2010

"From 1 April to 30 April 2010, the Eurosystem purchased eligible covered bonds with a total nominal value of €5,218 million under its covered bond purchase programme (CBPP). Of this total, €1,535 million was accounted for by purchases in the primary market and the remaining €3,683 million by purchases in the secondary market. The total nominal value of all covered bonds purchased by the Eurosystem since the programme was first started stood at €50,116 million on 30 April 2010."

That is the first paragraph of the European Central Bank's (ECB's) monthly report for April 2010 on the progress of its €60 billion covered bond purchase program (released May 5).  The report also notes (among other things) that "Activity in the covered bond market remained strong after the Easter break, while being affected by a further widening of spreads between euro area government bond yields."

To download a PDF of the ECB's complete April report (one page, plus a page of definitions), click on "April 2010 ECB Rpt" under "Attachment," below.