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0 0 0.00311203319502074 0.00138312586445364 0 0.00138312586445364 -0.00276625172890739 0.00829875518672194
Stock impact report

ECB begins reluctant journey into junk debt [Reuters]

Janus Henderson Group plc Ordinary Shares (JHG) 
Last janus henderson group plc ordinary shares earnings: 4/30 04:00 am Check Earnings Report
US:NYSE Investor Relations: snl.com/irw/corporateprofile/4147331
Company Research Source: Reuters
ECB begins reluctant journey into junk debt LONDON (Reuters) - European markets are hoping the ECB, again facing the task of rescuing the euro zone, will soon add junk-rated company debt to its stimulus programmes, but some investors say such a bold move might prove counterproductive. Since the fateful ‘whatever-it-takes’ moment in 2012 - when its then president Mario Draghi pledged to save the euro at any cost - the European Central Bank has shown a readiness to cross red lines whenever the bloc’s economy is in trouble. European leaders’ failure to agree on the one measure that might have calmed markets - joint debt issuance - means this is another such time. Concerned about liquidity constraints in the banking sector, and possibly anticipating that Thursday’s EU summit would disappoint, the ECB this week extended the range of lenders’ eligible collateral to the debt of sovereigns and companies cut to non-investment grade during the coronavirus outbreak. High-yield bond markets, wher Show less Read more
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