Peripheral CDSs fall on ECB liquidity promise

Credit default swaps (CDS) on peripheral European sovereign debt fell further today, as Jean-Claude Trichet, president of the European Central Bank (ECB), announced the ECB would continue emergency market-support measures. The ECB's bond-buying programme, he confirmed, would continue. And he added the governing council of the ECB had announced it had decided "to continue its main refinancing operations as fixed-rate tender procedures with full allotment for as long as necessary, and at least

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