AllianceBernstein holding LP believes that the ECB’s commitment to continue to support corporate credit markets in 2021 is good news for investors who will find that European debt holdings will perform better than US debt. < / P > < p > John Taylor, CO head of European fixed income at LianBo, told pembo, “we expect the ECB’s purchases to continue until at least June 2021, and even if new purchases stop then, they will continue to reinvest their existing bonds for some time to come.”. < / P > < p > Taylor highly matches BBB and BB Euro bonds and Italian sovereign bonds. It is expected that the credit spread in the European corporate bond market will be smaller than that in the US bond market, as the Federal Reserve starts to slow down the purchase of corporate bonds. < p > < p > Taylor said that the credit spread on US corporate bonds fell to the lowest level since the outbreak of the epidemic, “the Federal Reserve may stop buying corporate bonds in the next few weeks.”. In the week ending August 12, the Fed bought only $61 million in corporate bonds, the lowest since June and falling for the fourth straight week, according to data from the Federal Reserve. < / P > < p > and in Europe, the European Central Bank expanded its quantitative easing program this year and launched an emergency anti epidemic bond purchase program. Taylor believes that the volatility risk of spreads on European corporate bonds should be “much lower than in the United States.”.