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PIMCO Blog

ECB Bond Buying: Ripple Effects

The European Central Bank’s bond buying is resonating across asset classes. It has averaged more than €3 billion of purchases per day, a pace that will easily achieve its €60 billion per month target, with purchases spread across issuers and maturities.

Michael Story

Product Manager, European and Global


Mr. Story is a senior vice president and product manager in the London office, responsible for European and global products. Prior to joining PIMCO in 2011, he was a product specialist at Western Asset Management Company, where he covered global macroeconomic strategies. He previously worked at the Federal Reserve Bank of San Francisco. He has 16 years of investment experience and holds a master’s degree in economics from the London School of Economics. He received an undergraduate degree from the University of San Diego.