ECB Assets Hit 35% Of Eurozone GDP; Draghi Owns 9.2% Of European Corporate Bond Market

As global markets bask in the glow of the Trumpflation recovery, the ECB continues to be busy providing the actual levitating power behind what DB recently dubbed global “helicopter money“, by buying copious amounts of bonds on a daily basis (at least until tomorrow when the ECB goes on brief monetization hiatus, and Italy will be on its own for the next two weeks).
According to the latest weekly breakdown of what the six central banks acting on behalf of the Euro system bought in the week ending December 16, the ECB purchased at least 6 corporate bonds under its CSPP program. The latest weekly purchase lifts the number of securities held to 773; this means that the ECB now holds 9.2%, (50.6bn) of the entire European corporate market (549.34bn outstanding).
The ECB bought bonds issued by AB InBev, Autostrade Per L’Italia, Knorr-Bremse, Snam and Uniper. 104 (~13.5%) of the 773 securities are negative yielding. Utilities remain the largest industry group with 207 securities.

This post was published at Zero Hedge on Dec 21, 2016.