ECB to shield the market from next debt tsunami ...Qatar

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ECB to shield the market from next debt tsunami
European bond investors are looking to the region’s central bank to absorb a glut of sovereign debt heading to the markets in 2021. Bond issuance by euro-area nations may total €1.25tn ($1.5tn) this year as they fight the fallout from the pandemic, on par with the record levels reached in 2020, according to ING Group NV. In addition, the European Union itself is set to be a leading issuer, with a landmark stimulus plan that will be financed by jointly-issued debt. In normal times, such a flood of sales would bolster yields. But banks from ING to JPMorgan Chase & Co and Societe Generale SA are sanguine about the impact on markets, expecting the issuance to be more than offset by the European

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