ECB sees worsened liquidity in domestic government bond market – SESFOD Survey

Results of the June 2017 survey on credit terms and conditions in euro-denominated securities financing and over-the-counter derivatives markets (SESFOD), conducted by the ECB, are here as under:

• Little overall change in credit terms for secured funding
• Less favourable non-price credit terms for non-cleared OTC derivatives
• Worsened liquidity in domestic government bond market

The SESFOD survey is conducted four times a year and covers changes in credit terms and conditions.