Excerpt from the FT.com:
The European Central Bank has bought €16.5bn of eurozone government bonds as part of international rescue plan, amid widespread investor concern that the intervention is not yet big enough to stabilise debt markets.....The scale of the ECB’s intervention was at the low end of analysts’ expectations. But the move has broken new ground for the guardian of the euro currency, which had previously resisted buying government bonds outright.I could not verify this at the ECB website, they have no press release and do not include this transaction in their open market operations results. They must have somehow leaked this to the FT.com.
UPDATE: Reader BFG has pointed out that the ECB has since posted an OMO to absorb the E16.5B of liquidity provided by the bond purchases. The ECB states that the bond purchases occurred last Friday, May 14th.
PS: Where was the "disaster" that occured between the 14th when they bought the bonds, and the 19th when they took away the liquidity?