ECB bought only 16 yards euro

The European Central Bank has bought €16.5bn of eurozone government bonds as part of international rescue plan
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To offset the inflationary impact, the ECB will on Tuesday launch a “sterilisation” operation to absorb €16.5bn into one-week fixed-term deposits – withdrawing the liquidity it has injected via its bond purchases.

16 Yards, this is already some kind of funny volume, even funnier than 300 debt monetization yards from frs.

1) remembered – never go against CB;
2) if the ECB does a little perversion earning respect in the market, Well that's what a plus will be for the euro..