Debt dynamics: Exploring EU borrowing in changing times
The Sound of Economics
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The Importance of EU Bonds in the Market
The ECB is now going to value EU bonds in the same way as they would value a sovereign bond with the same rating. But this is not the case for CCPs, which have their own risk methodology. They see differently also because there is less history of it. So they prefer to value it differently and to us for our haircut. If I'm about boiled down to some of them, they're essentials. Basically, this is new debt. The markets still don't know much about it. And there's much less of it than by comparison to debt or for other countries,. Yes.
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