There are only €1,100bn of tradeable German central govt debt securities, which means that as a ma via @HolgerZschaepitz

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There are only €1,100bn of tradeable German central govt debt securities, which means that as a maximum holdings of sovereign debt could be around €360bn due to 33% issuer limit. But w/ €1,851bn, there are enough Italian bonds to let QE run for almost 10yrs. (via Jefferies) h/t Holger Zschaepitz

There are only €1,100bn of tradeable German central govt debt securities, which means that as a ma via @HolgerZschaepitz

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