It's highly unethical. I remember the german finance minister (!) some months ago coming out again and again pushing the ''now it's time to buy our bonds'' narrative. I know him for over 25 years personally quite well and must say there is no understanding that this is an intervention with a conflict of interest.

Buying their own crap is one thing, but pushing citizens to also buy is beyond the pale.

siggy47

They pretend the free market is absorbing the new issued debt. To have some background: since 2015 the ECB was nearly the only buyer (via a deal with the commercial banks). Than there were ongoing media campaigns to push retail into the bond market via fonds. It's terrible